BG Group delivers final milestone for 2013 - Itau

19 December 2013

BG Group delivers final milestone for 2013 as Itaú starts production

BG Group today announced the start of commercial gas production from the second phase of the Itaú development in Bolivia, marking the delivery of the final key milestone set for the Group in 2013.

With first production from Itaú Phase II, BG Group has delivered its promise to bring into production new oil and gas projects in Brazil, the UK, Thailand and Bolivia and to complete large planned maintenance campaigns on core assets in Kazakhstan and the UK.

This announcement follows delivery earlier this week of another major project milestone in Australia, with first gas transported onto Curtis Island, the site for the Queensland Curtis LNG project's liquefaction plant.

BG Group Chief Executive Chris Finlayson said: "In February we set clear yet challenging milestones for the year as we focused on safety and excellence in execution. With first commercial production from Itaú Phase II we have now delivered all the milestones we promised, the product of hard work and dedication by the people working across our business. We have achieved what we set out to do, and importantly we have done it safely."

BG Group's key milestones in 2013 were:

-ends-

Notes to Editors:

BG Group plc (LSE: BG.L) is a world leader in natural gas, with a broad portfolio of business interests focused on exploration and production and liquefied natural gas. Active in more than 20 countries on five continents, BG Group 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

Itaú Phase II will raise processing capacity from the Itaú gas field by around 7 000 barrels of oil equivalent per day (boed) to 10 000 boed net to BG Group by early 2014 through a new central processing facility and the connection of two new wells. BG Group has a 25% interest in the Tarija XX West block, which contains the Itaú gas field.

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 2012. 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.

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