BG’s Mongolia move

摘要

Petro Matad has agreed a farm-out deal with BG Group for a 78% stake in Blocks IV and V in central Mongolia. The deal will fund Petro Matad’s share of a mutually agreed US $28m work programme that will satisfy the minimum work obligations for both blocks under the current licence terms, which last until July 2017. The majority of the work will be undertaken in 2015 and 2016.