BG Group today announced that it has completed the sale of its 50% interest in the Muturi Production Sharing contract (Muturi PSC) in West Papua, Indonesia (as announced on 2 December 2003) to Indonesia Natural Gas Resources Muturi, Inc. (INGRMI), a wholly owned subsidiary of LNG Japan Corporation and CNOOC Muturi Limited (CNOOC), a wholly owned subsidiary of CNOOC Limited.

INGRMI has acquired 29.23% of BG Group's 50% interest, with CNOOC acquiring the remaining 20.77% for an aggregate cash consideration of approximately US$253 million. This consideration includes a reimbursement of BG expenditure dating from the economic effective date of 1 January 2003.

There are matters discussed in this media information that are forward looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to the Company's annual report and accounts for the year ended 31 December 2003.