8th Dec 2005 09:46
BG GROUP plc08 December 2005 MediaInformation 8 December 2005 BG Group signs Libyan Exploration and Production Sharing Agreements BG Group today signed three Exploration and Production Sharing Agreements (EPSA)for Blocks 123 (1) and 123 (2), and Area 171, (Blocks 1, 2, 3 & 4). This followssuccessful bids in the recent Libyan licensing round held on 2 October 2005. BG has assumed 100 percent ownership and operatorship of the EPSAs for Blocks123 (1) and 123 (2) and a 50 percent interest in the EPSA for Area 171 (blocks1, 2, 3 & 4) in partnership with Statoil (operator). The award of the threelicences is subject to ratification by the General People's Committee of Libya. There are matters discussed in this media information 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 the forward looking statements, refer to the Company's annual report and accounts for the year ended 31 December 2004. 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. Blocks 123 (1) and 123 (2) are located onshore in the Sirt basin and coverapproximately 4,750 square kilometers in total. The EPSA work obligation forboth blocks involves acquiring seismic and one exploration well on each block.Area 171, which contains four blocks, is located onshore in the Kufra basin andcovers approximately 11,000 square kilometers. The EPSA work obligation for thisArea involves acquiring seismic and two exploration wells. Enquiries: Communications +44 (0) 118 929 3717Out of hours media mobile: +44 (0) 791 718 5707Investor Relations +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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