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First gas production from UK Jasmine field

20th Nov 2013 14:30

RNS Number : 5365T
BG GROUP plc
20 November 2013
 



 

News Release

20 November 2013

 

First gas production from UK Jasmine field

 

BG Group today announced first gas production from the Jasmine field in the UK North Sea, in which the company has a 30.5% interest. The successful start-up of the field marks the delivery of another of the Group's key milestones for 2013.

 

Once on plateau, Jasmine is expected to contribute around 30 000 barrels of oil equivalent per day net to BG Group.

 

BG Group Chief Executive Officer Chris Finlayson said "The start-up of production from Jasmine marks the delivery of yet another key 2013 milestone for BG Group. In addition to first gas from Jasmine, we have also recently completed our planned maintenance programme in the North Sea and now have just one remaining milestone to achieve for the year - the start-up of Itaú Phase 2 in Bolivia which is due in the coming weeks.

 

"Jasmine is the largest discovery to come onstream in the North Sea since the giant Buzzard field began production in 2007. BG Group's involvement in both of these exploration and production successes, demonstrates both our world-class exploration performance and our long-term commitment to the North Sea where we believe significant potential remains."

 

The Jasmine development comprises a 24-slot wellhead platform with bridge-linked accommodation. The field is a high pressure, high temperature gas-condensate reservoir, which is located in Blocks 30/6 and 30/07a of the Central North Sea, approximately six miles (nine kilometres) west of the Judy platform.

 

BG Group (30.5%); ConocoPhillips, operator (36.5%); Eni (33%).

 

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Notes to Editors:

BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets. Active in more than 20 countries on five continents, BG Group has a broad portfolio of business interests focused on exploration and production and liquefied natural gas. It 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

 

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 toBG 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.

Contact (Head Office):

Neil Burrows: +44 (0) 118 929 2462 [email protected]

Mark Todd: +44 (0) 118 929 3110 [email protected]

Kim Blomley: +44 (0) 118 9386568 [email protected]

Out of Hours Media Mobile: +44 (0) 7917 185 707

Investor Relations: +44 (0) 118 929 3025

/+65 6304 2028 [email protected]

 

Contact (Aberdeen):

Matt Taylor: +44 (0) 1224 202036 [email protected]

 

Social media channels:

Flickr flickr.com/bggroup

Twitter twitter.com/BGGroup

You Tube youtube.com/bggroupofficial

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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