BG to explore off Newfoundland

LNG player BG Group said it has acquired three non-operated positions offshore Newfoundland from Repsol.

This provides the company with access to early stage exploration in a proven prospective basin ahead of the first well being drilled later this year, BG said on Monday.

The Statoil-operated blocks are located in the Atlantic Ocean, approximately 200 kilometres from St. John’s, Newfoundland.  BG’s equity stakes range from 10% to 25%.




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