Tupi, Iracema and Guar resources Resources(a) net to BG Group Previous New Billions Previous indicative MLL certified New BG Group New BG Group New BG Group of barrels indicative resources best estimate best estimate estimated…
First three FPSOs: BG Group overview Rio de Janeiro Processing & First three FPSOs have been contracted gathering Constructed terminal To be constructed 1st Tupi, capacity 100,000 bopd Existing gas pipeline On stream October…
First three FPSOs: BG Group guidance Gross reserves: 2.2 bn boe Capex*/boe: 5/boe Opex*/boe: 9/boe Sweet crude world market oil prices *See See definitions in Appendix Very low unit technical costs 5
First three FPSOs: Economic outcomes High capital efficiency Returns strongly linked to oil prices Low break-even price Considerable value upside Strong economics and value 6
Summary Very large resource base Exceptionally productive reservoirs Very low unit technical costs Highly economic developments First permanent facility on stream Progressing g g 1.9 million boepd p capacity p y by y…
Appendix REFERENCE CONDITIONS Brent Oil price US 70/bbl All costs are real and point forward 1.1.2011 ADDITIONAL INFORMATION Tupi concession ends 2037, Guar concession ends 2039 Capex/boe includes well costs (drilling and…