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Update on Skanska Brasil

As previously announced authorities in Brazil have involved Skanska Brasil in the investigations related to Petrobras in Brazil. In relation to these ongoing matters, Skanska has been notified that the Federal Government in Brazil has brought a civil lawsuit against seven companies, including Skanska Brasil, and seven individuals unrelated to Skanska.

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Declaration of Commerciality for the Iara Area, Offshore Brazil

BG Group (LSE: BG.L), a world leader in exploration and LNG, today announced that its partner Petróleo Brasileiro S.A. (Petrobras), as the operator of block BM-S-11 in the pre-salt Santos Basin, has submitted the Declarations of Commerciality (DoC) to the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) for three separate oil and gas accumulations in the Iara area, offshore Brazil. As part of the DoC, the consortium has suggested that the new fields be designated Berbigão, Sururu and Atapú West.

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