BG Group welcomes today's announcement that it has been awarded eight new licenses in the Norwegian 19th Licensing Round. BG Group will be operator in five of these licenses and is the most successful company of all the applicants in this round.
The awards cover five licenses in the Norwegian Sea and three licenses in the Barents Sea.
Today's announcement maintains BG's record of being awarded acreage with every application it has made in licensing rounds since its entry into the Norwegian Continental Shelf in 2003.
Mark Carne, BG Group Executive Vice President and Managing Director Europe and Central Asia said:
"We are delighted by today's awards that allow us to continue our investment and expansion within the Norwegian Continental Shelf.
"Since our entry into Norway we have been awarded or acquired interests in 23 licenses, and in 13 of these we are now the operator. This is a remarkable achievement in such a short space of time.
"Today's awards mark a 100 per cent success rate for our applications in the 19th round. This is clear reward for our exploration led growth strategy in the region to deliver exciting new opportunities.
"In this round we have been awarded operatorship in deep-water areas in the Norwegian Sea, and we are expanding, also as operator, into the Barents Sea, which is a new and challenging area for us."
The license awards are as follows:
Barents Sea -
PL 396 (BG 70% (op))
PL 395 (BG 30%)
PL 393 (BG 20%)
PL392 (BG 20%)
PL 391 (BG 40% (op))
PL 390 (BG 70% (op))
PL 388 (BG100%(op))
PL 372 BS (BG70% (op))
In December 2003, BG was selected for the operatorship - and 100 per cent ownership - in PL 297 in Norway's first Awards in Predefined Areas (APA) licensing round. Seismic was acquired over the blocks in 2004-05.
Since then the BG portfolio in Norway has grown as follows:
June 2004 - 18th Licensing Round, Norwegian Sea:
PL 324 (BG 30%, ENI (op), Chevron)
PL 325 (BG 30%, Chevron (op), ENI)
August 2004 - Transaction with Lundin, North Sea Play Extension:
PL 292 (BG 60% (op), Lundin)
November 2004 - Transaction with Paladin, North Sea Play Extension:
PL 143 (BG 30%, ConocoPhillips (op), Talisman)
PL 143 CS (BG 20%, Talisman (op), DNO)
PL 298 (BG 20%, Talisman (op))
December 2004 - Two awards in APA (Awards in Predefined Areas) Licensing Round:
PL 335 (BG 52% (op), Lundin, Paladin, RWE)
PL 337 (BG 25%, Pertra (op))
July 2005 - Transaction with Statoil, Norwegian Sea:
PL 251 (BG 20%, Statoil (op), Shell)
November 2005 - Transaction with DONG, North Sea:
PL 274 BS (BG 80% (op), DONG 20%)
December 2005 - Four awards in APA (Awards in Predefined Areas) Licensing Round:
PL373S (BG 45% (op), Revus, RWE, Idemitsu)
PL 372S (BG 70% (op), Revus)
PL374S (BG 45% (op), Revus, Petoro, Premier)
PL382 (BG 80% (op), Noreco)
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