BG-Repsol in Canada deal

Written by  John McKay
Monday, 28 September 2015
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Sept 28 (LNGJ) - Two Canadian LNG players, BG Group of the UK and Spain's Repsol, have carried out an energy transaction. BG has acquired three non-operated positions offshore Newfoundland from Repsol, which has an LNG facility in the eastern province of New Brunswick. "This provides the company with access to early stage exploration in a proven prospective basin ahead of the first well being drilled later this year," said BG, currently being taken over by Shell and with an LNG project in British Columbia. "The blocks are located in the Atlantic Ocean, about 200 kilometres from St. John's, Newfoundland," BG added.

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