|
BG Group today announced that its second Tanzanian exploration well, Chewa-1, has also discovered gas. The well, located in Block 4 approximately 80 kilometres offshore southern Tanzania in a water depth of around 1 300 metres, is some eight kilometres north-west of BG Group's Pweza-1 gas discovery announced in October*.
Chewa-1, operated by Ophir Energy plc (40%), is the second of a three-well initial work programme planned for Blocks 1, 3 and 4 offshore southern Tanzania. The initial work programme also includes the acquisition of 4 000 square kilometres of 3D seismic data. BG Group (60%) has the option to assume operatorship of all three Blocks upon completion of the initial work programme.
BG Group Chief Executive Frank Chapman said: "This is an encouraging start to our campaign in Tanzania. We have a large acreage position to explore and an extensive exploration programme will be needed to assess the full potential of this new play."
-ends- Notes to Editors:
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets. Active in more than 25 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves. For further information visit: www.bg-group.com
* Press release: 22 October 2010
Tanzania exploration well encounters hydrocarbons
In May 2010, BG Group received consent from the government of the United Republic of Tanzania to farm-in to interests held by Ophir Energy plc offshore southern Tanzania in Blocks 1, 3 & 4 of the Mafia Deep Offshore Basin and the northern portion of the Ruvuma basin.
Press release: 26 May 2010
BG Group to farm-in to offshore acreage in Tanzania
For additional information please contact:
Neil Burrows: +44 (0) 118 929 2462
Jo Thethi: +44 (0) 118 929 3110
Out of Hours Media Mobile: +44 (0) 7917 185 707
Investor Relations: +44 (0) 118 929 3025
There are matters set out within this announcement that are forward-looking statements. Such statements are only predictions, and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from these forward-looking statements, refer to BG Group's Annual Report and Accounts for the year ended 31 December 2009. BG Group does not undertake any obligation to update publicly, or revise, forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
Copyright � 2010 BG Group, All rights reserved.
BG Group plc, 100 Thames Valley Park, Reading, Berkshire, RG6 1PT
Registered in England & Wales No. 3690065
VAT: GB 232177091
legal notice | |