GDF unit acquires offshore leases from CGC Veritas

Gaz de France's UK subsidiary GDF Britain Ltd. has acquired interest in 10 offshore licenses from CGC Veritas.

Doris Leblond
OGJ Correspondent

PARIS, Apr. 3 -- Gaz de France's UK subsidiary GDF Britain Ltd. has acquired interest in 10 offshore licenses from CGC Veritas. Seven are in the North Sea area and three are west of the Shetland Islands on the UK continental shelf.

The transferred licenses include a 15% stake in an appraisal well operated by Maersk Oil that is planned for the second quarter on the Ockley discovery on Block 30/01d and a 30% stake in an appraisal well operated by Venture Production Co. on the Milburn discovery on Block 22/22c, to be drilled later this year.

The other assets include a 10% stake in the Handcross prospect on Block 204/19c, which lies west of the Shetlands plus 10% in each of 204/14c and 204/15 in the same area.

Three other assets were 100% acquired in the 23rd Round: Blocks 20/05b, 22/05c, and 20/04f. In the 24th Round, 100% of 29/04g also was acquired.

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