BG Egypt Starts Gas Production at Sequoia Offshore Field

DUBAI (Zawya Dow Jones), Aug. 10, 2009

BG Egypt, a subsidiary of UK-based BG Group, started Saturday gas production from its Sequoia subsea development.

The project, located 90 kilometers in the Mediterranean Sea, represents a $1 billion investment and was delivered six months ahead of schedule, BG Egypt said in a statement Sunday.

BG Group, which holds a 62.99% unit interest in Sequoia, said the project brings into production six new subsea wells, three located in each of the concessions, which will help maintain overall plateau production.  

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