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Statistical supplement
Principal acquisitions, commitments and divestments
ACQUISITIONS (TO 31 JULY 2009)
Announced Details Completion £m
2009
February Acquisition of Pure Energy Resources Limited, Australia May 2009 464
2008
October Acquired remaining equity in Queensland Gas Company Limited (QGC), Australia March 2009 2 091
February Acquired 20% interest in QGC’s coal seam gas interests in the Surat Basin, Australia and a 9.9% stake
in QGC, Australia
2007
www.bg-group.com
April 2008 316
April Acquired Masspower power plant, USA May 2007 74
2006
Acquired further 11.45% in Armada and 1.0134% in Everest fields, UK March 2007 67
December Acquired Lake Road power plant, USA March 2007 351
Acquired further 66.32% stake in Serene S.p.A. power plants, Italy February 2007 80
September Acquired Dighton power plant, USA October 2006 47
2005
June Acquired remaining 50% in Brindisi LNG import terminal, Italy June 2005 29
(1) In August 2009, BG Group completed upstream and midstream acquisitions as part of its alliance with EXCO Resources Inc.. The consideration for the upstream portion
of the alliance is around US$1 127m which includes US$400m to be paid as a carry of 75% of EXCO’s future costs to develop the Haynesville shale gas. The consideration
for the midstream portion of the alliance is around US$269m.
COMMITMENTS (TO 31 JULY 2009)
Announced Details Completion £m
2008
May Ordered two new LNG ships 2010 delivery 194
2007
DIVESTMENTS (TO 31 JULY 2009)
Exercised options to purchase two new LNG ships 2009/2010 delivery
Announced
2008
Details Completion £m
July Sale of Iqara Energy Services July 2008 14
July
2007
Sale of BG GNV do Brasil July 2008 5
May Sale of entire 25% stake in Interconnector (UK) Limited June 2007 165
March Sale of producing assets in Canada – Bubbles, Ojay and Copton/Lynx April 2007 228
January
2006
Sale of Mauritania interests January 2007 68
Sale of 37.5% interest in NVGC November 2006 4
June
2005
Sale of India Telecoms June 2006 1
(2)
Sale of Brazil Telecoms November/December 2005 11
March Sale of entire 50% interest in Premier Transmission Ltd March 2005 26
(2) In December 2005, on signing a Master Restructuring Agreement with the other shareholders and creditors of Gas Argentino S.A., parent company of MetroGAS S.A.,
BG Group ceased to control these companies and deconsolidated them from that date.
Credit ratings (BG Energy Holdings Ltd)
BG Energy Holdings Ltd (BGEH) is rated by three major credit rating agencies, with the following long-term ratings as at 31 July 2009:
Rating agency Long-term rating Date assigned Outlook
Fitch A+ September 2007 Stable
Moody’s A2 August 2005 Stable
Standard & Poor’s A April 2008 Stable
BGEH’s objective is to maintain long-term credit ratings equivalent to mid-single A from all the above agencies.