Centrica and Gas Plus will together fund the cost of the well to earn a 50% and 16.67% interest respectively in the 42/28c block. Granby has the remaining 33.33% interest in the block and its share of costs will be fully carried by Centrica and Gas Plus.
David Grassick, Managing Director of Granby Oil and Gas, said:
'This is Granby's first exploration well in the Southern North Sea where we now have an expanding portfolio of drillable prospects, as well as our interest in the Tristan NW development.'
Richard Moreton, Director of Granby Oil and Gas, said:
'Watling is our first 23rd round prospect to be drilled, and we are now actively engaged on farming out several other prospects from our portfolio to expand our exploration drilling program.'
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