BG Group Completes the Disposal of North Caspian PSA

BG Group has completed the sale of its 16.67 per cent interest in the North Caspian Production Sharing Agreement (NCPSA) and has today received an aggregate pre-tax cash consideration of approximately $US 1.8 billion.

The NCPSA license area, all of which is offshore in the Republic of Kazakhstan's sector of the Caspian Sea, includes the Kashagan oil field and the recent oil discoveries on the Kalamkas, Kairan, Aktote and Kashagan South West parts of the license area.