Killajoules

Award of contracts for the pre-salt FPSO
Galp Energia informs that, together with its partners and through its Tupi BV affiliate, has approved the signature of ten contracts, totaling US$4.5 billion, for the construction of the first six topside modules and integration packages of the eight Replicant FPSO (floating, production, storage and offloading unit) which are being constructed in Brazil for the pre-salt projects in blocks BM-S-9 and BM-S-11 in Santos Basin.

Subsea 7 S.A. awarded contract offshore Norway
Subsea 7 S.A. (Oslo Børs: SUBC) announced today the award of a SURF contract valued at approximately $400 million from BG Norge Limited, for the development of the Knarr field, in the Norwegian Sector of the North Sea.

Agreement on Karachaganak completed with Republic of Kazakhstan
BG Group today announced with the Republic of Kazakhstan (“the Republic”) and the other contracting companies in the giant Karachaganak gas-condensate field in north-west Kazakhstan, completion of their agreement which was initially signed on 14 December 2011.*

Fifth consecutive Tanzania gas discovery
BG Group today announced its fifth consecutive Tanzania gas discovery with the Mzia-1 exploration well located in Block 1, offshore southern Tanzania.

Memorandum of understanding signed for sale of Comgás stake
BG Group today announced it has signed a memorandum of understanding (MoU) with Cosan S.A. Indústria e Comércio (Cosan) for the sale of its 60.1% holding in Comgás, Brazil’s largest gas distribution company, for approximately $1.8 billion (R$3.4 billion).

First production from Margarita Phase I in Bolivia
BG Group today announced another key project delivery milestone for 2012 with the first phase of development at the Margarita gas field in Bolivia now on-stream.

BG Group agrees to sell its equity interest in Chilean LNG terminal
BG Group today announced that it has reached agreements with Enagás S.A. (Enagás) of Spain for the sale of its 40% equity interest in GNL Quintero S.A. (GNLQ) for up to $352 million.

BG Group signs US$500 million credit agreement with Export Development Canada
BG Group today announced a US$500 million credit agreement with Export Development Canada (EDC). The agreement has an initial term of four years with the option to extend for an additional 12 months.

First production from the Gaupe field, offshore Norway
BG Group today announced the start-up of production from the Gaupe field located in the Norwegian North Sea.

Fourth Tanzania well discovers gas
BG Group today announced its fourth Tanzanian gas discovery from the Jodari-1 exploration well located in Block 1 offshore southern Tanzania. Preliminary evaluation of the well results indicates gross recoverable resources are in the range of 2.5 to 4.4 trillion cubic feet (tcf) of gas.