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22 Africa, Middle East and Asia
China Singapore
BG Group entered China in 2006 following
the signing of two PSCs with China
National Offshore Oil Corp (CNOOC)
for deep water Blocks 64/11 and 53/16.
Areas of operation
Key to operations
Gas
BG Groupoperated
Oil
Pipeline –
Gas pipeline proposed or
under
construction
0 250km
DONGFANG
TERMINAL
YANGPU
EXPLORATION
BG Group is the operator of the two PSC blocks and has a 100%
interest during the exploration phase. In the event of a commercial
discovery, CNOOC has the right to take an interest of up to 51% in
the newly discovered field.
The initial exploration work programme commitment for the two
PSCs is expected to be carried out in three phases and involves the
acquisition of 2D and 3D seismic data and the drilling of exploration
wells. A 2D seismic acquisition programme across the two blocks
was completed in 2007 and a 3D seismic programme completed in
2008, with drilling on the two PSCs expected in 2010. The two blocks,
covering 16 217 square kilometres, are largely unexplored and, should
commercial discoveries be made, are well placed to supply the
high-growth markets of southern China.
LNG
In May 2009, the Group signed a LNG Project Development Agreement
with CNOOC, focused on BG Group’s Queensland Curtis LNG (QCLNG)
Project in Australia. The agreement sets out the basis on which
CNOOC will purchase 3.6 mtpa of LNG for a period of 20 years from
the start-up of QCLNG (see pages 36-37).
www.bg-group.com
DANZHOU
DONGFANG
HAIKOU
GUANGZHOU
SANYA 53/16
64/11
CHINA
MACAO HONG KONG
Qiongdongnan Basin
BG Group’s Asia Pacific headquarters are
located in Singapore. In 2008, BG Group
was appointed as the aggregator of LNG
demand for the Singaporean market.
Areas of operation
SUMATRA
0 250km
MALAYSIA
SINGAPORE
In April 2008, the Energy Market Authority (EMA) of Singapore
appointed BG Group as the aggregator of LNG demand for the
Singaporean market. Under the agreement, BG Group will be
responsible for sourcing and supplying up to 3 mtpa of LNG for up
to 20 years. Initial deliveries are expected to begin in 2012/13 upon
completion of the LNG import terminal, which will be located on
Jurong Island in Singapore. BG Group and the EMA signed the
Aggregator Agreement in June 2009.
BG Group will source LNG supply for Singapore from its large,
growing and diversified flexible portfolio. It is envisaged that
BG Group’s proposed QCLNG facility in Australia will serve as
one of the sources of supply for Singapore.