BG Sequoia Turns On Gas Taps

10 August 2009 (Last Updated August 10th, 2009 18:30)

BG Group has started to pump gas from its $1bn Sequoia subsea development project, located 90km off Egypt in the Mediterranean Sea. The project was delivered six months ahead of schedule and the six new subsea wells contribute to the country's long-term domestic and export energy requirem

BG Group has started to pump gas from its $1bn Sequoia subsea development project, located 90km off Egypt in the Mediterranean Sea.

The project was delivered six months ahead of schedule and the six new subsea wells contribute to the country's long-term domestic and export energy requirements, BG Group asset general manager Tim Blackford said.

BG Group, which owns a 62.99% stake in Sequoia, accounts for 40% of the gas produced in Egypt.

Malaysia's Petronas owns a 28.35% interest and Italy's Edison holds the remaining 8.6%.