BG Group lifts resource estimate

FTSE 100-listed oil and gas explorer BG Group yesterday increased its estimate of recoverable resources at blocks located off southern Tanzania, after concluding a successful drilling and testing campaign. “The aim of our appraisal programme now is to optimise the future development plan and place the most economic gas into the proposed project first to extract the most value across the chain,” said BG’s chief executive Chris Finlayson.