15th Apr 2009 07:00
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News Release |
15 April 2009
BG Group announces a new successful well in the pre-salt,
Santos Basin, Brazil
BG Group today announced a new discovery in the pre-salt Santos Basin, offshore Brazil.
The well, 4-BRSA-709 (4-SPS-60), known as Iguaçu, has proven the presence of another accumulation of light oil, in the BM-S-9 concession.
Petrobras is the operator of BM-S-9 and holds 45 per cent, BG Group holds 30 per cent and Repsol holds 25 per cent.
Further evaluation of the discovery will continue in line with the National Petroleum Agency (ANP) approved evaluation plan. The drilling of another well in this evaluation plan area will commence shortly. This is the third discovery by BG Group and partners in the BM-S-9 concession.
The BM-S-9 concession comprises two evaluation plan areas:
Carioca - 1-BRSA-491-SPS (1-SPS-50)
Guará - 1-BRSA-594-SPS (1-SPS-55)
Iguaçu is located in the evaluation plan area 1-SPS-50 (Carioca), around 340 km off the coast of São Paulo State in 2 140 metres of water.
BG Group has been present in offshore Brazil since 2000 and has interests in seven concessions in the Santos Basin covering a total area of approximately 7 450 square kilometres.
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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 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.
BG Group has interests in five concessions in the deep water Santos Basin: BM-S-9, 10, 11, 50, which are operated by Petrobras and BM-S-52 which is operated by BG Group.
BG Group holds operated interests in the BM-S-13 and BM-S-47 concession areas in the shallow water Santos Basin.
BG Group also holds one onshore concession (BT-SF-2) in the São Francisco Basin in Minas Gerais State.
BG Group has a controlling stake (60.1%) in Brazil's largest gas distribution company, Comgás.
Contact:
Edel McCaffrey: +44 (0) 118 929 3508
Jo Thethi: +44 (0) 118 929 3110
Out of hours media mobile: +44 (0) 791 718 5707
Investor Relations: +44 (0) 118 929 3025
Website: www.bg-group.com
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 BG Group's annual report and accounts for the year ended 31 December 2008. 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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