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BG Group (BG.)

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Monday 15 November, 2004

BG Group

BG additional Norway interest

BG GROUP plc
15 November 2004


Media
Information

15 November 2004

BG Group agrees to acquire Norway interests from Paladin Resources plc

BG Group has reached agreement with Paladin Resources plc to acquire, for US$
2 million, a proportion of Paladin's interests in three licence areas in the
Norwegian North Sea.

The blocks lie adjacent to the UK-Norwegian median line immediately north of the
BG 100% owned and operated PL297 Blocks 1/2, 1/5 and 1/6 located in the Central
Graben area of the Norwegian North Sea.

Under the arrangement, BG will acquire an initial 30 per cent in PL 143, 20 per
cent in PL 143CS and 20 per cent in PL 298. In addition, BG will acquire a
further 10 per cent of PL 143 dependent on future exploration activity.

The effective date for the transaction is 1 July 2004. The transaction is
subject to the approval of the Norwegian National Petroleum Directorate and the
Ministry of Petroleum and Energy. Completion is expected in the first quarter of
2005.

                                     -ends-

There are matters discussed in this media information that are forward looking
statements. Such statements are only predictions and actual events or results
may differ materially. For a discussion of important factors which could cause
actual results to differ from the forward looking statements, refer to the
Company's annual report and accounts for the year ended 31 December 2003.

Notes to Editors:

BG Group plc works across the spectrum of the gas chain. Active on five
continents in some 20 countries, it operates four business segments -
Exploration and Production, LNG, Transmission and Distribution and Power. BG is
a significant holder of hydrocarbon reserves on the UK Continental Shelf, where
it operates the Blake and Armada fields, as well as fields in the Easington
Catchment Area.

In December 2003, BG was selected for the operatorship - and 100 per cent
ownership - of Blocks 1/2, 1/5 and 1/6 in Norway's first Predefined Areas
licensing round. Seismic was shot over the blocks in 2004, and the drilling
programme will begin in 2006. In June 2004, BG was also awarded interests in two
licenses in the 18th Norwegian offshore licensing round. These comprised 30 per
cent of Blocks 6504/1 (part block), 6504/2, 6504/4 and 6504/5 (operated by ENI)
and 30 per cent of Blocks 6503/9, 6504/7 and 6504/11 (operated by
ChevronTexaco). In August 2004, BG also announced that it has had signed a Sale
and Purchase Agreement with Lundin Petroleum AB, under which it acquired a 60
per cent interest in Lundin's 100 per cent owned licence PL 292 in the Central
Norwegian North Sea , with an option to acquire a further 10 per cent interest.


Enquiries:

Communications 

Chris Carter/Jonathan Miller 
+44 (0) 118 929 2597/3188

Out of hours media pager:                   

+ 44 (0)7659 150 428

Investor Relations 

Chris Lloyd/Brian McCleery/Helen Parris/Kate Bingham 
+44 (0) 118 929 3025


Website: www.bg-group.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange