BG Group PLC has acquired three non-operated positions offshore Newfoundland from Repsol SA. The blocks lie about 200 km from St. John’s, Newf. The company’s equity stakes range from 10-25%.
The blocks and BG’s percentage interest are: EL1123 (BG, 25%; Statoil SA, operator); EL1125 (BG, 10%; Statoil, operator; Chevron Corp.); and EL1126 (BG, 10%; Statoil, operator; Chevron).
BG says this opportunity is in line with its strategic exploration focus to enter new basins.
