BG Group has acquired three non-operated positions offshore Newfoundland from Spanish-owned Repsol.
The company said the move gives it additional access to early stage exploration in a proven prospective basin ahead of the first well being drilled this year.
The blocks are located in the Atlantic Ocean, approximately 200 kilometres from St John’s, Newfoundland.
BG’s equity stake ranges from 10% to 25%.
A spokesman said the opportunity was in line with the company’s strategic exploration focus to enter new basins.
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