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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