BG Group to farm-in to offshore acreage Tanzania

26 May 2010

BG Group to farm-in to offshore acreage in Tanzania

BG Group announced today that it has received the written consent of the Government of the United Republic of Tanzania to farm-in to blocks 1, 3 and 4 offshore southern Tanzania currently owned solely by Ophir Energy plc (Ophir).

On completion of the farm-in agreements BG Group will acquire 60% of Ophir's interests in each of the offshore blocks by contributing 85% towards costs which include an initial work programme.

Blocks 1, 3 and 4 offshore Tanzania cover more than 27 000 square kilometres of the Mafia Deep Offshore Basin and northern portion of the Ruvuma Basin, located in water depths ranging from around 100 metres to in excess of 3 000 metres.

Completion of the farm-in agreements is expected in June 2010.

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Notes to Editors:

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