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Company BG GROUP plc
TIDM BG.
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BG Group starts new extended well test at Sapinhoá

Released 09:00 18-Feb-2013
Number 0819Y09

RNS Number : 0819Y
BG GROUP plc
18 February 2013
 

 

 

News Release


18 February 2013

                             

BG Group starts new extended well test at Sapinhoá North, offshore Brazil

BG Group today announced the start of a new extended well test in the Sapinhoá North area of the BM-S-9 concession in the pre-salt Santos Basin marking the delivery of another milestone in the field development plan. The floating production, storage and offloading vessel (FPSO) Cidade de São Vicente was connected to the 3-BRSA-788-SPS well, in water depths of 2 140 metres.

The FPSO will operate in the area for up to six months, gathering technical information on reservoir behaviour and oil flow in the subsea lines, amongst other data. During this initial test phase the well is expected to produce at around 15 000 barrels of oil per day (bopd) - as authorised by Brazil's National Agency for Petroleum, Natural Gas and Biofuels.

Commercial production from the Sapinhoá discovery began early last month when FPSO Cidade de São Paulo started up, on time and on budget, with a capacity to process 120 000 barrels of oil per day and 176 million standard cubic feet of gas per day. Another FPSO, the Cidade de Ilhabela, also known as FPSO 4, will produce from the Sapinhoá field and is on track to start production in the second half of 2014. This FPSO has a production capacity of 150 000 barrels of oil per day and 212 million standard cubic feet per day of natural gas.

BG Group has a 30% interest in block BM-S-9, with operator Petrobras holding 45% and Repsol Sinopec Brasil S.A. 25%.

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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 more than 20 countries on five continents, BG Group has a broad portfolio of business interests focused on exploration and production and liquefied natural gas. 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    

 

There are matters set out within this announcement 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 these forward-looking statements, refer to
BG Group's Annual Report and Accounts for the year ended 31 December 2011. 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.

                     

Contact:

Mark Todd:                              +44 (0) 118 929 3110           mark.todd@bg-group.com 

Kim Blomley:                           +44 (0) 118 938 6568            kim.blomley@bg-group.com

Out of Hours Media Mobile:  +44 (0) 7917 185 707

Investor Relations:                 +44 (0) 118 929 3025

 / +65 6304 2028                     invrel@bg-group.com

Social media channels:

Flickr                                      flickr.com/bggroup

Twitter                                    twitter.com/BGGroup

You Tube                               youtube.com/bggroupofficial

  

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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BG Group starts new extended well test at Sapinhoá - RNS