Eric Watkins
Senior Correspondent
LOS ANGELES, Jan. 20 -- BG Group has acquired a 45% interest in and become operator of Block 332 off Nigeria in the western Niger Delta under a farmin agreement with Sahara Energy Exploration & Production Ltd.
The agreement comes as BG, along with its partners Sahara and Seven Energy Nigeria Ltd., signed a production-sharing contract on Jan. 19 for Block 332 with Nigerian National Petroleum Corp.
The work program will be carried out in two phases, the first involving the acquisition of 3D seismic data and the drilling of one exploration well.
Block 332 is in 100-1,000 m of water, 100 km southeast of Lagos.
In October 2003, BG LNG Services signed a sales and purchase agreement with Nigeria LNG to acquire 2.5 million tonnes/year of LNG for 20 years for shipment to Lake Charles, La.
The first LNG shipment from Nigeria LNG to Lake Charles departed in January (OGJ Online, Jan. 11, 2006).
Contact Eric Watkins at [email protected].
