BG Group confirms North Sea discovery

BG Group and partners Centrica and Total have confirmed the Maria discovery 16/29a-11Y in the Central North Sea, adjacent to the Armada development.

Nov 1st, 2004

BG Group and partners Centrica and Total have confirmed the Maria discovery 16/29a-11Y in the Central North Sea, adjacent to the Armada development. The confirmation well, 16/29a-13, identified a 900-ft column and confirmed the viability of the Maria discovery. Sidetrack drilling then confirmed an extension into the adjacent Maria Horst prospect.

Recoverable reserves for Maria and Maria Horst are estimated at 35 MMbbl. First production is scheduled for 4Q 2006 or 1Q 2007, subject to approvals. During testing, the well flowed at 6,720 b/d of oil, subject to the constraints of the testing facilities.

BG is operator with a 36% interest, with Centrica holding 35.04% and Total 28.96%.

In the 22nd UK licensing round, BG Group acquired four blocks, all of which are BG-operated. BG is partnered with Apache in blocks 22/3 b, 22/4 b, and 22/8 b, and with Dong and P/F Atlantic Petroleum in the Part block 204/22 (the Bedlington extension area).

11/01/04

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