Production Comes On Stream at Everest East

BG Group announced Monday first production from its Everest East expansion project in the UK North Sea. Everest East is the second of seven projects BG plans to bring on stream in 2013, the company confirmed.

The Everest East expansion comprises two sub-sea wells tied back to the North Everest platform and brownfield modifications to the existing production system. BG expects that the project will provide initial peak production of more than 10,000 barrels of oil equivalent (boe) per day with total gross reserves of 20.6 million boe.

BG Group Chief Executive Chris Finlayson commented in a company statement:

"With first production from the Everest East expansion in the UK North Sea, following the second floating production, storage and offloading (FPSO) vessel coming on stream offshore Brazil in January and the recent restart of Elgin/Franklin, we have now achieved the key production milestones we set for the first quarter of 2013."

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