BG Group approves 4.5bn-dollar project development in Brazil

BG Group and its partners have approved the development of their Santos Basin pre-salt projects in blocks BM-S-9 and BM-S-11, offshore Brazil.

BG Group and its partners have approved the development of their Santos Basin pre-salt projects in blocks BM-S-9 and BM-S-11, offshore Brazil.

The contracts, totalling $4.5bn, have been signed for the construction of the first six topside modules and integration packages for the eight domestic floating production, storage and offloading units (FPSOs) to be used on the projects.

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