BG Group

Capex

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.

Production

Production in 2007 was 604,000 boepd.

Reserves

Proved reserves at the end of 2007 were2,039 mmboe. BG Group total reserves and resources have increased by around 3 billion barrels of oil equivalent in two years (up 42%), and now exceed 10 billion barrels of oil equivalent, amounting to 46 years of production at 2007 levels

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