Offshore staff

LONDON, UK -- Granby Oil and Gas is to acquire TGS-Nopec's 11.1% carried interest in UK block 42/28c, containing the Watling gas prospect. The agreement will increase Granby's interest in the block to 33.3%.

Following a farm-out arrangement this spring, Centrica will operate a planned exploration well on Watling next month, which will be drilled to a true vertical depth of 3,100 m (10,170 ft). Block 42/28c lies 35 km (22 mi) east of Flamborough Head, eastern England, and was awarded to Granby and TGS-Nopec last year as a promote licence, under the UK's 23rd Licensing Round.

11-17-06