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Share Name | Share Symbol | Market | Type |
---|---|---|---|
ConocoPhillips | NYSE:COP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-2.02 | -1.62% | 122.32 | 125.20 | 121.66 | 124.72 | 7,731,103 | 22:28:11 |
By Ed Ballard
LONDON--Natural gas company BG Group PLC (BG.LN) said Wednesday that gas production had started from the Jasmine field in the U.K. North Sea, in which it has a 30.5% stake.
"The start-up of production from Jasmine marks the delivery of yet another key 2013 milestone for BG Group," Chief Executive Chris Finlayson said. "Jasmine is the largest discovery to come onstream in the North Sea since the giant Buzzard field began production in 2007."
Jasmine is expected to contribute around 30,000 barrels of oil equivalent per day to BG Group, the company said in a statement. ConocoPhillips (COP) is the operator of the field and the largest shareholder with a 36.5% interest, while Eni SpA (ENI.MI) holds 33%.
At 1438 GMT, BG shares traded up 1 pence or 0.1% at 1,260 pence, valuing the company at GBP42.9 billion.
Write to Ed Ballard at ed.ballard@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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