MARKET TALK:BG Oman Exit Due To Successes Elsewhere -Wood Mac

Sunday, Jun 20, 2010

0634 GMT [Zawya Dow Jones]--Despite the technical challenges and disappointing flow rates, the recent exit of BG Group PLC (BG.LN) from Oman's onshore Block 60 is mainly down to the success of BG's portfolio elsewhere, says energy consultants Wood Mackenzie in a note to Zawya Dow Jones. "Its Australian and Brazilian projects will require huge capital investment over the next few years, and the returns on offer from Oman made it more of a marginal project in their overall portfolio," says Chris Graham, Middle East analyst at Wood Mackenzie. (tahani.karrar@dowjones.com)

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20-06-10 0534GMT