BG pushes for global growth

08/02/1999
BG plc plans to invest £5 billion in development projects in a bid to double the output of its BG International division, in energy-equivalent terms, during 1999-2003.In June, BG restructured to separate its international operations from its U.K. transportation business (OGJ, July 5, 1999, p. 30). Last year, the assets comprising BG International produced 25.1 million bbl of oil and 61.7 million boe of gas.A BG official told OGJ the capital investment would be split as follows: 55-60% to exploration and production projects, 20% to power and liquefied natural gas, and 20-25% to transmission and distribution.The outlay would be for projects that have already been announced, notably Ka...
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