2009-08-19-2007-10-01-2007-11-01

Bought 85% interest in Grove Field, 80% interest in undeveloped Seven Seas discovery, interest in 200,000 net acres in Southern Gas Basin producing 240-253 Bcfge.

Centrica Plc, Windsor, England, (London: CAN) the owner of British Gas, has closed its acquisition of interests in the U.K. North Sea from Newfield Exploration Co., Houston, (NYSE: NFX) for US$486.4 million, marking a complete exit by Newfield from the North Sea. The sale includes an 85% interest in the Grove Field, an 80% interest in the undeveloped Seven Seas discovery and an interest in approximately 200,000 net acres in the Southern Gas Basin producing approximately 240- to 253 billion cubic feet of gas equivalent. The Grove Field began production in April 2007. Jefferies Randall & Dewey was financial advisor to Newfield.