BG Group to explore for oil offshore Aruba

BG Group, a UK-based exploration and production company will search for oil and gas in the Carribean Sea, off the coast of Aruba.

In its quarterly report, BG has revealed today that the company in June signed an agreement to acquire a 30% interest in an exploration block, offshore Aruba.

The block covers 14 356 square kilometres with identified prospectivity in water depths between 400 metres and 1 800 metres.

A Production Sharing Agreement is in place and a 3D seismic programme will be completed in 2014. The Group’s farm-in agreement is subject to approval by the Compania Arubano di Petroleo N.V., the national oil company.

Aruba is an island located in the in the southern Caribbean Sea,  27 kilometres north of the coast of Venezuela.

 

 Offshore Energy Today Staff, July 31, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >