BG Group plc reports its 2013 First Quarter Results

BG Group plc reports its 2013 First Quarter Results

BG Group plc reported its 2013 First Quarter Results to the London Stock Exchange at 07:00 (UK time) on Thursday 2 May 2013.
First Quarter Key Points
 Earnings down 3% to $1.2 billion
 Production down 3%; LNG segment total operating profit up 3%; both in line with guidance
 Cash flow from operations up 3% to $2.7 billion; gearing at 23.5%
 Q1 project milestones delivered: Sapinhoá and Everest East start-ups; Elgin/Franklin re-start
 De-risking future milestones: FPSO 3 on location at Lula NE; all Jasmine modules installed
 QCLNG remains on track: critical Narrows Crossing pipe-pull safely completed
 FPSO 2 onstream in Brazil bringing total gross production to around 140 000 boed
 Successful appraisal results in Tanzania: very good results from Jodari and Mzia drill stem tests
 Completion of long-term sales agreement for up to 2.5 mtpa of LNG to India
Full Report: BG Group plc report
Source: BG Group plc
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