2nd Oct 2013 08:35
LONDON (Alliance News) - BG Group PLC Wednesday said tests at its Pweza Field in Tanzania have confirmed excellent reservoir quality gas.
The global natural gas exploration and production company said its drilling tests at the Pweza field confirmed an excellent quality gas reservoir and improved the company's understanding and modelling of the field's geology.
The company said the test, which was the first at the site, achieved a maximum flow of 57 million standard cubic feet of gas per day, and it made clear that significantly higher rates, which are potentially above any other BG site, could be achieved.
BG group, which has a 60% interest in the site, said the test completed its appraisal tests at the project and it is now evaluating 3D seismic tests to help identify offshore targets for a new exploration programme in 2014.
BG Group shares were down 0.72% to 1,167 pence in early trading Wednesday.
By Tom McIvor; [email protected];
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