BG Group has acquired three non-operated positions offshore Newfoundland from Repsol. 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.

The blocks are located in the Atlantic Ocean, approximately 200 kilometres from St. John’s, Newfoundland. The company’s equity stakes range from 10% to 25%.

This opportunity is in line with the company’s strategic exploration focus to enter new basins.

About BG Group

BG Group plc (LSE: BG.L) is a world leader in natural gas, with a broad portfolio of business interests focused on exploration and production and liquefied natural gas. Active in more than 20 countries on five continents, BG Group combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.

About Repsol

Repsol is an integrated global energy company with vast sector experience. It carries out Upstream and Downstream activities throughout the entire world.