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BG Group completes UK North Sea asset exchange with BP

BG Group today announced the completion of an exchange of equity interests in certain North Sea production assets with subsidiaries of BP plc. BG Group acquired BP’s entire equity in Everest, Lomond and Armada Fields and part of BP’s equity in Erskine Field, operated by Chevron. In return, BG Group transferred all of its equity interests in all fields in the Southern North Sea to BP.

09/03/2009

 

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