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BG announces start of gas production from Itau's second phase

  • BG Group (BRGYY, BRGXF) starts commercial gas production from the second phase of its Itau development in Bolivia, marking the delivery of the "final key milestone" set for the group in 2013.
  • Phase-2 will raise processing capacity from Itau by ~7K boe/day to 10K boe/day net to BG Group by early 2014 through a new central processing facility and the connection of two new wells.
  • The production start-up of Itaú at follows BG's announcement earlier this week of another major project milestone in Australia, with first gas transported to the site for the Queensland Curtis LNG project's liquefaction plant.
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