5th Jun 2009 07:00
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News Release |
June 5, 2009
BG Group Announces a New Successful Well in the Tupi Area, Santos Basin, Brazil
BG Group today announced that another well in the pre-salt Santos Basin, offshore Brazil has encountered hydrocarbons.
The Iracema well is in a water depth of 2 210 metres and is located around 250 km offshore from Rio de Janeiro and 33 km northwest of the Tupi well (1-RJS-628 or 1-BRSA-369). Drilling is ongoing.
A wireline test confirmed the presence of light oil located at depths of around 5 000 meters.
In accordance with Brazilian regulatory requirements, this information has been provided to the National Petroleum Agency (ANP).
BG Group holds a 25% interest in Tupi (BM-S-11). Petrobras are operator with 65% and Galp hold 10%.
BG Group and its partners will continue the activities and investments foreseen in the Evaluation Plan approved by ANP, including the drilling of further wells in the area.
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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. For further information visit: www.bg-group.com
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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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