No new money: KNOC
KNOC has confirmed it will not put any more money on the table to try and complete its hostile £1.67 Bn (US $2.57 Bn) takeover of Dana Petroleum.
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North Sea plateau above 50 m boe
Published 05.02.2010 12:49:18 by John Bradbury
BG Group has signalled plans to keep its North Sea production at a plateau above 50 million barrels of oil equivalent a year until 2014 by bringing onstream two new projects in the UK sector and progressing a further three in the Norwegian sector.Under a new strategy outlined today with the company's results, the Reading-based energy group said it will aim to bring the Jasmine discovery in the UK North Sea onstream by 2012 and, provisionally, BG is also aiming to tap the Jackdaw find by 2015.
Offshore Norway, BG said it is progressing development of the Pi and Bream discoveries, and is currently drilling on the Mandarin prospect in the Norwegian sector.
Capital expenditure over the next three years until 2012 will be US $8 Bn per year, BG signalled.
But some of its biggest portfolio developments will be offshore Brazil where BG has participated in the discovery of some massive fields in pre-salt accumulations which will see major expenditure going forward, including Tupi, Tupi Sul, Iracema, and Guara, Iara and Carioca.
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