Walter Simpson appointed as President & MD for BG India

BG Group today announced the appointment of Walter Simpson as the new President and Managing Director for BG India. He takes over from Derek Fisher who has taken on a new role as General Manager – Asia. Derek will continue to operate from Mumbai and also support growth and development plans for India. Walter will be responsible for managing the India operations of BG Group.

Walter carries more than 25 years' experience in the oil and gas sector as well as extensive international understanding having lived and worked in India, North Africa, the Middle East, South East Asia and Australia. He holds Masters Degrees in Engineering Science from Oxford University and Petroleum Engineering from Heriot Watt University, Edinburgh.

He joined BG Group in 1999, working initially in the UK on BG’s North Sea Fields before moving to BG’s Head Office in 2004 where he was the Vice President for Well Engineering and Operations. He has been part of the BG India management team since 2009 holding the position of Deputy Managing Director.

Speaking on the occasion, Walter said, “I am delighted and honoured to be given the opportunity of leading the India operations for BG Group as India has developed significantly to become one of the key markets for us across the globe. I am looking forward to working with my team to contribute to the growth agenda here.”

About BG India:
BG India is part of BG Group plc (LSE: BG.L) - a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. BG India has a 30% stake in the Panna/Mukta and Tapti oil and gas fields which produce around 8% of India’s total domestic oil and gas production. BG India holds a 45% stake in the Krishna Godavari Basin - Block KG-OSN-2004/1. The Ministry of Petroleum, Government of India recently approved BG India’s 25% participating interest in MN-DWN/2002/2 – Block. Final approvals for BG India’s PI are awaited.

BG Group holds a 65.12% controlling stake in Gujarat Gas Company Limited (GGCL), India’s largest private natural gas company (by volume) and also holds a 49.75% stake in Mahanagar Gas Limited (MGL) in Mumbai, India’s largest city gas distribution company (by customer base). BG India Energy Solutions Private Limited (BGIES), a wholly owned subsidiary of BG Group has commenced marketing operations in India to undertake wholesale marketing and distribution of natural gas and RLNG.

BG Group is seeking to play a greater role in India’s growing natural gas sector by developing its upstream position through licensing rounds and farm-ins. BG Group is also interested in exploring further opportunities in each element of the gas chain. 
For further information visit:  www.bg-india.com                  

About BG Group:
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets. Active in more than 25 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.
For further information visit:  www.bg-group.com