2nd May 2006 07:01
BG GROUP plc02 May 2006 MediaInformation 30 April 2006 BG Group enters Oman with Exploration and Production Sharing Agreement BG Group has today signed an Exploration and Production Sharing Agreement (EPSA)with the Government of the Sultanate of Oman for a 100% interest in andoperatorship of Block 60 onshore Oman. Block 60, which covers almost 1500 square kilometres (sq km), contains the AbuButabul gas and condensate discovery which was made in 1998. In addition to this discovery there are other exploration prospects within theBlock. BG will conduct seismic over the area and conduct a comprehensive appraisaldrilling programme to assess fully the reserve potential and bring the discoveryinto production at the earliest opportunity. Speaking today, BG Group Executive Vice President Jorn Berget, said: "We are delighted to be working in partnership with the Omani Government toassist in the development of the natural gas sector within the Sultanate. Ourintention is to appraise and commercialise these potential reserves for supplyinto the domestic market. "Our entry into Oman represents a significant development in the Group'saspirations within the region. To this end, we are establishing an office inOman to support our participation in the continued development of the Omani gasindustry and to assess further opportunities in the region." There are matters discussed in this media information that are forward lookingstatements. Such statements are only predictions and actual events or resultsmay differ materially. For a discussion of important factors which could causeactual results to differ from the forward looking statements, refer to theCompany's annual report and accounts for the year ended 31 December 2005. Notes to Editors: BG Group plc is a global natural gas business. Active on five continents in over20 countries, it operates four business segments - Exploration and Production,LNG, Transmission and Distribution and Power. Block 60 onshore Oman was formerly part of the Block 6 concession area. Itcontains the Abu Butabul reservoir which has a single discovery well that wasdrilled in 1998. This well revealed the presence of gas and condensate in atight reservoir contained in a structure that is mapped over an area ofapproximately 560 sq km. Enquiries: Communications +44 (0) 118 929 2462 Out of hours media mobile: +44 (0) 791 718 5707 Investor Relations Chris Lloyd/Helen Parris/ Kate Bingham +44 (0) 118 929 3025 Website: www.bg-group.com - ends - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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