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In January 2014, BG Group announced the initial drilling of an oil exploration well offshore in Kenya. [20] In April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement. The deal gave BG shareholders 19% of the combined group, and gave Shell ...
Offshore oil production, which primarily takes place in the Gulf of Mexico, accounts for about 15% of U.S. crude oil production. Environmentalists praised Biden's action.
In December 2001, BG completed 3D seismic studies that indicated the potential of the Tamar field and of the adjoining Dalit field. BG recommended drilling an exploratory well at an estimated cost of $40 million. [9] In May 2002, the BG license was extended by the Oil Commissioner, on the condition that drilling begin no later than September 2003.
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The break-up of British Gas plc in 1997 into BG Group and Centrica meant that BG Storage was created as a ring-fenced subsidiary of BG Group, for competition reasons. In 2001, BG Group sold BG Storage, and thus the Rough facility, to Dynegy. [8] In 2002, Centrica bought the plant from Dynegy for £304 million during Dynegy's period of near ...
The field was operated by BG Group and is now operated by Shell. The complex consists of several fields developed via a central platform located in 88 metres (289 ft) of water. The Fleming and Hawkins fields were discovered in 1980 and the Drake and Seymour Fields in 1982.
Everest gasfield (transferred to BG Group ownership 2006, transferred to Chrysaor ownership) [8] [9] Harding oilfield (transferred to TAQA ownership 2012) [10] Lomond gas field (transferred to BG Group ownership 2009, transferred to Chrysaor ownership 2017) [11] Miller oilfield (ceased production 2007, decommissioned 2018) [12]
Offshore/onshore: Offshore: Coordinates: Operators: Reliance Industries, BG Group, ONGC: Production; Current production of oil: 19,000 barrels per day (~9.5 × 10 ^ 5 t/a) Year of current production of oil: 2016: Current production of gas: 205 × 10 ^ 6 cu ft/d (5.8 × 10 ^ 6 m 3 /d)