20YEARS

THE MAKING OF AN INTERNATIONAL OIL AND GAS GIANT

In less than two decades, BG Group has transformed from a struggling offshoot of a former state company into an internationally diversified exploration and production company specialising in gas

WE ARE AMONG THE OUR RESOURCE BASE IS NOW WE HAVE MADE OUR APPROXIMATE MARKET CAPITALISATION 15 5 times 17giant $50bn biggest companies bigger than when we formed discoveries listed in the LSE

~ 70 >20 NATIONALITIES COUNTRIES

~5 000 5 EMPLOYEES CONTINENTS

FEB 97 UK 1986 1997 2000 demerged into two BG Plc BG Group Plc separately listed companies: BG plc and plc. BG plc took charge of exploration and production, international downstream operations of British Gas, and the British British Gas transmission and distribution business (Transco), while Centrica took over the British retail business of the former British Gas. BG Plc becomes a Centrica listed company OCT

UK EGYPT Production began from Signed agreement Armada field, UK North Sea. with Egyptian The Armada gas condensate fields government extended over 31 square kilometres, for LNG export of spanning five exploration blocks. The Egyptian gas project was finished on schedule and $100 million below the original budget. Kazakhstan signed NOV 40-YEAR KAZAKHSTAN FINAL PRODUCTION One of the largest gas and gas-condensate fields in the world SHARING AGREEMENT The agreement set out a phased development programme for the field, with Phase II coming onstream in 2004.

MAY NOV 98 EGYPT Discovered Scarab and Saffron gas fields West Delta Deep Marine

BoliviaDISCOVERED THE MARGARITA FIELD IN GRAN CHACO PROVINCE

MAR APR 99 EGYPT TRINIDAD AND TOBAGO Discovered Simian gas field, Atlantic LNG Company West Delta Deep marine of Trinidad and Tobago came into operation 2000 Brazil Entered the deep water by winning a share of the exploration rights of BM-S-9, BM-S-10 and BM- S-11 in Agência Nacional do Petróleo licence round. Subsequent drilling in these blocks led to major hydrocarbon discoveries BG Group JUL OCT

KAZAKHSTAN Sir Frank Chapman formed Discovered Kashagan, one of was appointed the largest oil finds in recent Chief Executive years

MAY JUN 01 USA UK Signed 22-year agreement to take all Discovered Buzzard available capacity at Lake Charles LNG import plant in the USA, allowing BG oil field to supply natural gas directly into more than 15 intrastate and interstate pipeline networks through the Trunkline Gas Pipeline system

FEB AUG 02 INDIA Completed purchase COMPLETED of rights to develop offshore fields Panna-Mukta and Tapti NORTH SEA UK ASSET SWAP AUG SEP

TUNISIA KAZAKHSTAN Confirmed Hasdrubal oil Discovered Kalamkas field discovery offshore Tunisia

APR JUL 03 TRINIDAD & TOBAGO KAZAKHSTAN ALNG Train 3 began production First exports from the new facilities at Karachaganak following substantial investment to enhance existing facilities.

OCT

NIGERIA KAZAKHSTAN Signed sale and purchase Discovered Aktote agreement of LNG with oil field Buzzard Nigeria LNG development sanctioned in UK North Sea LNG took DEC delivery of

USA Methane Acquired LNG supply and Princess regasification capacity at Elba Island LNG importat plant

JUN JUL DEC 04 EQUATORIAL GUINEA KAZAKHSTAN BOLIVIA Signed agreement with Equatorial Discovered Keiran Produced first gas from Margarita field Guinea for offtake of LNG supply oil field

APR MAY JUL 05 KAZAKHSTAN EGYPT BG Spirit, the yacht Completed sale of BG interests Announced first LNG shipment sponsored by BG, won the in North Caspian Production from Egyptian LNG Train 1 Global Challenge round- Sharing Agreement the-world race. The yacht was manned throughout the race by a combination of BG employees and amateur and professional yachtsmen 06 Brazil TOGETHER WITH PARTNER , ANNOUNCED THE PRE-SALT TUPI LIGHT OIL DISCOVERY IN THE DEEP WATER SANTOS BASIN, OFFSHORE BRAZIL. Appraisal of the discovery confirmed it as a multibillion barrel field and one of the most significant finds of light STEP UP oil in recent years Safety

Initiative MAR JUN launched NORWAY CHINA Awarded eight exploration BG signed two production sharing contracts with China National licences in Norwegian Offshore Oil Corporation licensing round

Announced purchase of Dighton and Lake Road power plants in the USA Achieved 10 year’s JUL of industry- 07 BRAZIL leading growth Carioca discovery in the Santos Basin pre-salt 08 FEB Announced alliance with QUEENSLAND GAS COMPANY Australia in Australia’s Surat Basin

APR AUG

SINGAPORE BRAZIL Selected by the Energy Market Launched Continued exploration in the Santos Authority of Singapore to supply up Greenhouse Gas Emissions Basin pre-salt led to discovery of the to three million tonnes per annum of Guara and Iara areas LNG to the Singaporean market for Reduction target 20 years

JAN JUL 09 AUSTRALIA UK First gas cargo delivered to MILFORD Formally acquired HAVEN Queensland Gas Company. Dragon LNG, Milford Haven The deal brought the extensive coal seam gas reserves and expertise of Queensland Gas Company together with BG’s proven LNG expertise, while continuing to work towards the development of a new LNG hub in Gladstone, eastern Australia

AUG

USA Signed alliance with EXCO Resources, Inc. BRAZIL Iracema discovery in the SantosPre-salt

Australia A two-train liquefaction plant on Curtis Island near Gladstone in Queensland, 2010 together with the associated upstream and pipeline Sanctioned facilities. Queensland Curtis LNG plant

MAR MAY JUN

CHINA USA TANZANIA Signed 20-year sales agreement Appalachian basin Farmed into blocks 1, 3 and with China National Offshore Oil 4 in Tanzania. Commenced Corporation. joint venture drilling in September, announced leading to two gas with Exco discoveries by year end

OCT

First production on Lula field Brazil (Tupi) MAR 11 Signed 20-YEAR LNG contract with TOKYO GAS

MAY NOV DEC 12 Andrew Gould BRAZIL Chris Finlayson took over became Chairman Sale of Comgas completed from Sir Frank Chapman as Chief Executive

JAN MAY SEP 13 BRAZIL BRAZIL INDIA First production on Sapinhoá Sagitário discovery Completed sale of field (previously Guara) in Santos pre-salt

2014 Curtis Island 340km

Processing plants Development area

SURAT BASIN Australia Loaded first LNG cargo from CSG - LNG PLANT QCLNG

MAR MAY OCT

MYANMAR Launched Sustainable TANZANIA Entered new exploration Gas Institute Completed 16th successful Exploration & Appraisal well basin offshore Myanmar in a row, confirming multi- trillion cubic feet gas resource

APR MAR JUL 15 Recommended offer NORWAY AUSTRALIA from Shell for BG Produced first oil from Shipped first LNG Knarr field in Norway from QCLNG Train 2 in Australia

Helge Lund NOV started as BG CYPRUS Group Chief Entered new Executive exploration basin in Cyprus

JAN SHAREHOLDERS Secured license to VOTED FOR LNG ships in Singapore RECOMMENDED starting in 2017 2016 OFFER FROM SHELL bg-group.com