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Future Plans
Outlook
• BG is more confident of achieving the higher levels of its 6 - 10% E&P volume growth to 2012.
• BG has a distinctive long-life asset base. The Group expects that the assets that produced 590,000 barrels of oil equivalent per day in 2006 will still be producing 500,000 boepd right out to 2015.
The Group is confident it can build on this outlook to 2015 by developing the further potential that exists within assets such as the UK North Sea hubs, Tunisia, Karachaganak (Kazakhstan), Egypt, Trinidad and India.
• BG continues to see a strong outlook for earnings potential to 2009 and beyond. This will be driven principally by E&P production and by volume and margin growth in the Liquefied Natural Gas (LNG) segment.
• Looking further out - to 2012 - The Group has firmed up on projects identified and has added further opportunities to its portfolio. These include expanded plans for Karachaganak, together with recent UK discoveries, OKLNG in Nigeria and US Power among others.