Granby Oil & Gas plc, the oil and gas exploration and production company with interests in the UK North Sea and the Philippines, has reached agreement, on behalf of the Tristan Partners, with Peak Well Management Limited to utilise the jack up drilling rig Ensco 100 for a 60 day slot to drill and complete Granby's Tristan NW development well in the Southern North Sea.
Drilling operations are expected to begin in late 2007 and will be managed by the Norwegian owned AGR Group company, AGR Peak Well Management Limited.
David Grassick, Managing Director of Granby Oil and Gas, said:
"We are very pleased to have secured the ENSCO 100 to drill the Tristan NW development well. This is an important step that supports the project schedule and enables Granby to progress rapidly towards production."