BG outlines Caribbean well, seismic plans

BG Group has issued an update on its exploration programs offshore central and South America.

Apr 2nd, 2015

Offshore staff

READING, UKBG Group has issued an update on its exploration programs offshore central and South America.

Drilling of the Bounty appraisal well on clock 5(c) off Trinidad and Tobago should get under way during the current quarter, followed by an exploration well on the company’s Lobster prospect in block 5(d).

Last June, BG agreed to acquire a 30% interest in a 14,356-sq km (5,543-sq mi) exploration block offshoreAruba. It contains identified prospectivity in water depths between 400 and 1,800 m (1,312 and 5,905 ft). A 3D seismic survey over the acreage was completed in 2014.

This year the partners plan seabed coring.

BG Group is the sole licence holder of an offshore block inHonduras spanning 35,000 sq km (13,513 sq mi). It plans a seismic campaign this year.

Offshore Uruguay, BG has a 100% operated interest in blocks 8, 9, and 13. The company completed the second phase of its seismic work program last year, acquiring more than 13,000 sq km (5,019 sq mi) of data.

In addition, the company completed a seabed coring and heat flow survey and started a 3D controlled source electromagnetic survey in December. The latter should be finished later this year, assisting evaluation of the license areas to mature drillable targets.

04/02/2015

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