Sequoia Subsea Development Delivers New Gas Production Ahead of Schedule

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9th AUGUST 2009

BG Egypt today announced the delivery of first gas on 08 August 2009 from the Sequoia subsea development located 90 kilometres offshore Egypt in the Mediterranean Sea. Straddling both the West Delta Deep Marine (WDDM) and Rosetta concessions, the Sequoia unitised development which represents a gross US$1 billion investment, has been delivered ahead of schedule and under budget.

Sequoia is another successful milestone in BG Egypt’s phased development of the gas-producing areas in the offshore Nile Delta. It brings into production six new subsea wells, three located in each of the concessions, which will help maintain overall plateau production.

Tim Blackford, Asset General Manager, BG Egypt, said:
“The Sequoia project has been a great success in terms of overall delivery. Drilling performance, fabrication, installation and hook-up work has been exceptional. We thank our partners PETRONAS and Edison for their strong support, and all our contractors for their excellent work. The project has been delivered six months ahead of schedule, under budget and with an exemplary safety record incorporating 1.5 million man hours worked without any significant safety or environmental issue.

“Egypt is a core part of BG Group’s global portfolio and we are proud to have successfully delivered another development which will contribute to the country’s long-term domestic and export energy requirements.”
The Sequoia development was executed by the Burullus Gas Company S.A.E, the WDDM Joint Operating Company (JOC). It included the drilling of six new subsea wells in water depths ranging from 105 to 535 metres. The deepwater subsea facilities all tie into the WDDM concession and were installed using the Saipem-operated multi-purpose vessel “FDS”.

The main Subsea Engineering Procurement Installation and Construction (EPIC) contract was performed by Saipem which sub-contracted Petrojet - the Egyptian General Petroleum Corporation (EGPC) affiliate - to complete the majority of the structures fabrication and all concrete pipe coating.

At the peak of the onshore fabrication phase, Petrojet employed in excess of 220 people at the Maadia yard and Saipem operated five major construction vessels in the field simultaneously.

BG Group holds a 62.99 per cent unit interest in Sequoia. PETRONAS and Edison have 28.35 per cent and 8.6 per cent respectively.
- ends -
Notes to Editors:
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. Active in 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves. For further information visit:
BG Egypt, a business of BG Group, is one of the principal British investors in Egypt. This year the company celebrates 20 years working in the country. It is a leading player in the development of the local natural gas industry with investments spanning the gas chain from exploration through development and production to downstream projects in LNG.
The company operates the largest share of Egypt’s gas production, accounting for over 40 per cent of the country’s gas output, which supplies both domestic and international markets.
The West Delta Deep Marine Concession was awarded to BG Egypt in 1995. The Scarab and Saffron fields were brought on-stream in March 2003 delivering gas to the domestic market. Subsequently, the Simian, Sienna and Sapphire fields entered production. Completed in February 2008, WDDM Phase IV brought into development seven additional deepwater wells in the Scarab/Saffron and Simian subsea fields. WDDM Phase V, an onshore booster compressor, delivered incremental gas in May 2009.
BG Egypt is the operator of the concession and holds 50 per cent equity. PETRONAS holds the remaining 50 per cent. Burullus Gas Company a Joint Operating Company of EGPC, BG Egypt, and PETRONAS, conducts operations on behalf of the WDDM partners.
The Rosetta Concession was awarded to BG Egypt in 1995. Rosetta started production in 2001 and supplies the domestic market. BG Group sanctioned the Rosetta Phase III field development plan in 2006 and delivered first gas from the project in first quarter 2008.
BG Egypt is the operator of the concession and holds 80 per cent equity. Edison holds the remaining 20 per cent. Rashpetco, a Joint Operating Company of EGPC, BG Egypt, and Edison, conducts operations on behalf of the Rosetta partners.

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