By Ed Ballard
LONDON--Natural gas company BG Group PLC (BG.LN) said Wednesday
that gas production had started from the Jasmine field in the U.K.
North Sea, in which it has a 30.5% stake.
"The start-up of production from Jasmine marks the delivery of
yet another key 2013 milestone for BG Group," Chief Executive Chris
Finlayson said. "Jasmine is the largest discovery to come onstream
in the North Sea since the giant Buzzard field began production in
2007."
Jasmine is expected to contribute around 30,000 barrels of oil
equivalent per day to BG Group, the company said in a statement.
ConocoPhillips (COP) is the operator of the field and the largest
shareholder with a 36.5% interest, while Eni SpA (ENI.MI) holds
33%.
At 1438 GMT, BG shares traded up 1 pence or 0.1% at 1,260 pence,
valuing the company at GBP42.9 billion.
Write to Ed Ballard at ed.ballard@wsj.com
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