data country honduras uruguay bg group

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Block 9 Block 8 Block 13 Southern Cross pipeline Gas Link pipeline URUGUAY ARGENTINA BRAZIL PUNTA LARA MONTEVIDEO BUENOS AIRES 0 150 km Patuca and Mosquitia Basins NICARAGUA NICARAGUA HONDURAS HONDURAS BELIZE BELIZE TEGUCIGALPA SAN PEDRO SULA LA CEIBA 0 200 km Upstream: E&P In 2012, BG Group successfully bid for three offshore blocks (8, 9 and 13) in the second licensing round held by the Republic of Uruguay. The PSCs commit BG Group (100% and operator) to a seismic work programme intended to evaluate the blocks in the first three year exploration period. Acquisition of 13 080 square kilometres of 3D seismic was completed in February 2014. Sub-surface analysis and prospect mapping is underway. A well commitment is required on each block in order to enter the second three year exploration phase. Other BG Group is operator, with a 40% share, in the Southern Cross pipeline linking Punta Lara in Argentina to Montevideo. Through its holding in Dinarel S.A., BG Group holds a 25.5% interest in Gas Link S.A., a 40 kilometre gas pipeline connecting the Southern Cross pipeline to the Argentine transportation network. BG Group has licences in three offshore frontier exploration blocks. Acquisition of over 13 000 square kilometres of 3D seismic was completed in 2014. BG Group holds an offshore frontier exploration licence covering approximately 35 000 square kilometres. Upstream: E&P BG Group is the sole licence holder of an approximately 35 000 square kilometre offshore frontier exploration block covering the Patuca and Mosquitia sedimentary basins. BG Group submitted an Exploration Licence Application in 2012. The Operating Contract was approved by legislative decree and commenced in 2013. The initial four year exploration period will focus on reviewing existing exploration data, conducting a gravity gradiometry survey to map the entire block, seabed sampling and seismic surveys. The acquisition of data from the gravity gradiometry survey was undertaken between March and May 2014 and will enable targeted seismic surveys, planned for 2015 and 2016. The seabed coring survey began in July 2014. In 2017, BG Group will relinquish 50% of the acreage to the government of Honduras. Should the Group elect to proceed to the next two year exploration phase, a commitment to drill at least one exploration well would be required. 30 Data Book 2014 AREAS OF OPERATION Key to operations Gas pipeline BG Group-operated block URUGUAY HONDURAS Key to operations BG Group-operated block AREAS OF OPERATION

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This document presents all data pertaining to hydrocarbon explorations on the countries Honduras and Uruguay. It is foreseen a quantifiable amount of hydrocarbons along the two main Honduran basin, Patuca and Mosquitia as well as in Uruguay's Río de la Plata region.

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  • Block 9

    Block 8

    Block 13

    Southern Cross pipeline

    Gas Link pipeline

    URUGUAY

    ARGENTINA

    BRAZIL

    PUNTA LARA

    MONTEVIDEO

    BUENOS AIRES

    0 150 km

    Patuca and Mosquitia Basins

    NICARAGUANICARAGUA

    HONDURASHONDURAS

    BELIZEBELIZE

    TEGUCIGALPA

    SAN PEDRO SULALA CEIBA

    0 200 km

    Upstream: E&P In 2012, BG Group successfully bid for three offshore blocks (8, 9 and 13) inthe second licensing round held by the Republic of Uruguay. The PSCs commit BG Group (100% and operator) to a seismic work programme intended to evaluate the blocks in the first three year exploration period. Acquisition of 13 080 square kilometres of 3D seismic was completed inFebruary 2014. Sub-surface analysis and prospect mapping is underway.Awell commitment is required on each block in order toenterthe secondthree year exploration phase.

    OtherBG Group is operator, with a 40% share, in the Southern Cross pipeline linking Punta Lara in Argentina to Montevideo. Through its holding inDinarel S.A., BG Group holds a 25.5% interest in Gas Link S.A., a40kilometre gas pipeline connecting the Southern Cross pipeline to the Argentine transportation network.

    BG Group has licences in three offshorefrontier exploration blocks. Acquisition of over 13 000 square kilometres of 3D seismic was completed in 2014.

    BG Group holds an offshore frontier exploration licence covering approximately 35 000 square kilometres.

    Upstream: E&PBG Group is the sole licence holder of an approximately35000 square kilometre offshore frontier exploration block coveringthe Patuca and Mosquitia sedimentary basins. BG Group submitted an Exploration Licence Application in 2012. TheOperating Contract was approved by legislative decree and commenced in 2013.

    The initial four year exploration period will focus on reviewing existing exploration data, conducting a gravity gradiometry survey to map theentire block, seabed sampling and seismic surveys. The acquisition ofdatafrom the gravity gradiometry survey was undertaken between March and May 2014 and will enable targeted seismic surveys, planned for2015 and 2016. The seabed coring survey began in July 2014.

    In 2017, BG Group will relinquish 50% of the acreage to the government of Honduras. Should the Group elect to proceed to the next two year exploration phase, a commitment to drill at least one exploration well would be required.

    30 Data Book 2014

    AREAS OF OPERATION

    Key to operations Gas pipeline

    BGGroup-operated block

    URUGUAY HONDURAS

    Key to operations BGGroup-operated block

    AREAS OF OPERATION