BG Group Completes Karachaganak Agreement With Kazakhstan

Date : 06/28/2012 @ 3:49AM
Source : Dow Jones News
Stock : Chevron Corp. (CVX)
Quote : 112.14  -0.39 (-0.35%) @ 4:42PM
Chevron share price Chart

BG Group Completes Karachaganak Agreement With Kazakhstan

BG Group (LSE:BG.)
Historical Stock Chart

5 Years : From Feb 2013 to Feb 2018

Click Here for more BG Group Charts.

LONDON--BG Group PLC (BG.LN), an integrated natural gas company, Thursday announced that its agreement with the Republic of Kazakhstan and the other contracting companies in the Karachaganak gas-condensate field in north-west Kazakhstan, which was signed in Dec. 2011, has been completed, meaning the company's interest in the project is cut to 29.25% from 32.5%.


-Under the terms of the deal, Republic has acquired a 10% interest in the Karachaganak Final Production Sharing Agreement (FPSA) for $2.0 billion cash and $1.0 billion non-cash consideration

-Tax of $1.0 billion is payable on the gain arising on the disposal.

-Republic's interest in the Karachaganak FPSA will be managed by the national oil company, KazMunaiGas (KMG).

-With this agreement in place the partnership can move forward with field development plans

-Shares at 0715 GMT up 11 pence, or 0.9%, at 1,267 pence valuing the company at GBP43 billion.

-Write to Ed Ballard at

Latest CVX Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V:us D:20180219 01:57:07