BG Group completes the disposal of North Caspian PSA.

0 Comments | M2 Presswire, April, 2005

M2 PRESSWIRE-6 April 2005-BG Group plc: BG Group completes the disposal of North Caspian PSA(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:06042005 BG Group has today announced that it has now completed the sale of its 16.67 per cent interest in the North Caspian Production Sharing Agreement (NCPSA) and has today received an aggregate pre-tax cash consideration of approximately $US 1.8 billion.

Notes to Editors: The NCPSA licence area, all of which is offshore in the Republic of Kazakhstan's sector of the Caspian Sea, includes the Kashagan oil field and the recent oil discoveries on the Kalamkas, Kairan, Aktote and Kashagan South West parts of the licence area. BG Group is a global natural gas business. Active on five continents in over 20 countries, it...