Finance
What the team says...
Fairfield’s Finance department plays a pivotal role as a key partner to the business, ensuring that information is available to enable effective decision-making within the Company and that funds are available to execute the corporate strategy. The Finance function works across all areas of Fairfield’s business and is based in Aberdeen and Staines.
Finance is accountable for all business planning, management reporting, financial analysis, treasury, tax, financial reporting, internal controls, tax and accounting in Fairfield.
The Group Finance team, based in Staines, is responsible for all group finance activities. Key responsibilities of this team include the day to day management of Fairfield’s cash, financial risk management, management reporting, budgeting, forecasting and preparation of the Group financial statements.
The Operations Accounting team is located in Aberdeen and its primary function is to provide financial support to Fairfield’s Dunlin Area operations. The team is responsible for all Dunlin Area joint venture accounting and the provision of finance support to business managers and operations staff.
The Finance team is responsible for providing and analysing a wide range of data on external markets, such as oil price forecasts, competitor analysis and foreign exchange movements, to help the business remain competitive.
The Company faces commodity price and foreign exchange risks; financial analysis is used to develop hedging strategies to mitigate these risks. The team maintains and develops models, including long term tax models, to assist with business planning, enabling different scenarios to be modelled.
Peter Coulson, Group Finance Manager comments, “At Fairfield the Finance team works closely with senior management and is involved in the decision-making process. Finance is a challenging and rewarding place to work at Fairfield with opportunities to contribute to all aspects of the business.”
Well Services
Produces technical and operational solutions to reduce the risk of any potential release of fluids throughout a well life cycle.
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Production Delivery
Focusing on production delivery through asset reliability and improvement with the duty holder.
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Finance
Ensures funds are available to execute corporate strategy whilst providing key statistical data to aid decision making.
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Subsurface
The primary function of the Subsurface Team is to ensure that maximum value from the reservoirs is achieved.
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