Kerr-McGee North Sea (U.K.) Limited Ninian House Crawpell Road Altens Aberdeen AB12 3LG.
Exhibit
10.3
|
Xxxx-XxXxx
North Sea (U.K.) Limited
Xxxxxx
Xxxxx
Xxxxxxxx
Xxxx
Xxxxxx
Xxxxxxxx
XX00
0XX.
|
30th
August 2005
Centrica
Resources Limited
Xxxxxxxxxx
Xxxx
Xxxxxxxxxx
Xxxx
Xxxxxxx
Xxxxxxxxx
XX0 0XX.
Dear
Sirs
We
refer to the sale and purchase agreement executed on 6th
August 2005 between Xxxx-XxXxx North Sea (U.K.) Limited (“Xxxx-XxXxx”) and
Centrica Resources Limited (“Centrica”) in respect of Xxxx-XxXxx’x interests in
the Buckland Field (the “Buckland SPA”) and the sale and purchase agreement
executed on 6th
August 2005 between Xxxx-XxXxx North Sea (U.K.) Limited and Centrica Resources
Limited in respect of Xxxx-XxXxx’x interests in the Skene Field (the “Skene
SPA”).
In
order to more clearly reflect the intention of the parties we agree
that
(1)
with effect from 6th
August 2005 the text of Schedule 7 to the Buckland SPA shall be deleted and
replaced with the following text:
Buckland
Field
The
following interests held by Xxxx-XxXxx North Sea (U.K.) Limited:
Xxxx-XxXxx’x
thirty three decimal three three three three three three three percent
(33.3333333%) interest in UKCS Licence P.103 Area G and Area W, as Areas G
and W
are defined in the Restated Northern Waters Joint Operating Agreement dated
9th
November 1995 as amended.
(2)
with effect from 6th
August 2005 the text of Schedule 7 to the Skene SPA shall be deleted and
replaced with the following text:
Skene
Field
The
following interest held by Xxxx-XxXxx North Sea (U.K.) Limited:
Xxxx-XxXxx’x
thirty three decimal three three three three three three three percent
(33.3333333%) interest in UKCS Licence P.103 Area O, as Area O is defined in
the
Restated Northern Waters Joint Operating Agreement dated 9th November 1995
as
amended.
(3)
in respect of the Buckland SPA, the Base Consideration as therein defined shall
be allocated by Centrica between Areas G and W and a notice, supplemental to
that served on the Area G parties and the Area W parties on 10th
August 2005, shall be served by Xxxx-XxXxx on the Area G parties and the Area
W
parties stating such allocated consideration.
Please
sign and return the enclosed copy of this letter indicating your agreement
to
it.
Yours
faithfully
XXXXXXX
XXXX
Xxxx
XxXxx North Sea (UK) Limited
XXXXXXX
X. XXXXXXX
Agreed
for Centrica Resources Limited
