Released earlier in the year but may be of interest to some.
"The Group is also evaluating potential new LNG sources of equity supply in West Africa, South America and the Middle East"
abuman ..... Go Pies :)
Cheers, xmagx
BG is pursuing a number of additional growth opportunities beyond its business plan which could sustain growth beyond 2009. These opportunities will be based upon the further enhancement of existing assets, capturing the growth potential of LNG and creating value via exploration. Specifically, these opportunities include:
UK North Sea - BG will continue to target new blocks adjacent to existing hubs and infrastructure during licensing rounds and continue to make acquisitions that strengthen its position, including plays across the median line in Norwegian waters;
Kazakhastan - Karachaganak will continue to be a powerful contributor in the next decade and has the potential to deliver a total of 1.5 to 2 billion cubic feet per day (bcfd) of gas production. BG is working with its partners and the government to realise the field's full potential through debottlenecking, accessing added value from Western markets via the Atyrau-Samara pipeline, building new condensate processing trains and moving forward the gas project;
Trinidad - 'Debottlenecking' Atlantic LNG Trains 1, 2 and 3 would create additional capacity equivalent to a small train and could come onstream in 2008. Supply for additional capacity could also come from equity gas in the Dolphin field where BG has recently established a further 600 bcf of unbooked resources. Supply could also come from the Pointsettia Deep discovery, which is estimated to contain 200 to 300 bcf or from a significant new gas discovery at the Manatee field adjacent to the median line with Venezuela;
LNG - BG is already working on options in its current portfolio to expand its LNG capacity from 21 mtpa today to between 35 and 40 mtpa by the middle of the next decade. New opportunities on the supply side could include debottlenecking and adding new trains at Atlantic LNG and Egyptian LNG together with a number of short and medium term supply deals currently under negotiation. The Group is also evaluating potential new LNG sources of equity supply in West Africa, South America and the Middle East;
Exploration - BG is now acquiring and working the acreage it needs to drive growth into the next decade. The Group is committed to adding to the value of its prospect inventory and has added 21% compound annual growth to the risked value of its inventory between 2000 and 2004. BG's Exploration and Appraisal (E& A) activity will increase significantly in 2005 with around 50 E&A wells planned compared to 28 in 2004.
