• About Us

    About Us

    Fairfield has become an innovative upstream oil producer, specifically concentrating on the appraisal and development of hydrocarbon accumulations in the North Sea.

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  • History

    History

    Fairfield launched in 2005 as one of the best funded UK start-up companies in the North Sea.

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  • Strategy

    Strategy

    Fairfield's strategy is to be a UK focused independent of scale and substance through the creation of a portfolio which is balanced along the value chain

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History

Fairfield was established to specifically address the developing opportunities in the UKCS.

At inception Fairfield started with a $200 million line of equity and the Maureen and Crawford fields which were acquired from Acorn Oil & Gas.  The asset portfolio has grown over the years through a combination of asset acquisitions and organic growth through participation in the UKCS Licencing Rounds.

In the northern North Sea this commenced with the acquisition of Dunlin, Dunlin SW, Merlin and Osprey Fields from Shell and partners in April 2008.Follow-on potential in the adjacent Skye and Block 6 discoveries was acquired from Shell and partners in 2009. MCX, a subsidiary of Mitsubishi Corporation, is the 30% working interest partner in this suite of assets. The northern North Sea portfolio was further expanded through entering a sale and purchase agreement with BP and partners in September 2009 for the acquisition of the abandoned NW Hutton Field, Blocks 211/27a and c. A two-step process  was completed on July 2nd 2012 with Fairfield acquiring a full 100% interest. In the 25th Round, Fairfield also acquired Block 211/27e just to the south of the NW Hutton blocks.  This combined acreage position, now renamed Darwin, has been the subject of a 50% farm-down to TAQA Bratani Ltd during 2012.  Block 211/27e was farmed down in March while the old NW Hutton acreage was farmed out in July. Finally Block 3/8d covering the Staffa Field was acquired in the 25th Round, however this acreage has since been sold on to Iona Energy.

A position in the southern North Sea was established through the acquisition of Clipper South from Shell and partners in 2008. This has since been the subject of a farm down to a 25% interest with RWE and Bayerngas joining the venture. In addition, the Glein discovery and Blocks 48/8d, 48/9b, 48/14c and 48/20b were added to the inventory in the 26th Round. Fairfield has been active in the 27th Round in the southern North Sea and looks forward to adding further acreage during 2012 if successful in the process.

In tandem with portfolio expansion Fairfield has been an active driller. Appraisal of the Crawford and Maureen Fields was undertaken in 2007 while infill drilling on the Osprey and Dunlin producing fields was undertaken during 2009 and 2010 respectively. Development drilling is currently active on the Clipper South discovery while exploration and appraisal drilling on Darwin is planned for later in 2012.

These activities have been funded throughout by a committed set of investors who have augmented their initial $200 million investment with a second $200 million line of equity in 2009 and a further $150 million line of equity in 2011. On July 9th 2012 it was announced that Riverstone was joining this investor group through the injection of $150million with an option to invest a further $200million. This will result in an investor group being jointly led by Warburg and Riverstone.

Operations

Operations

Fairfield's strategy is to focus on the creation of value in selected blocks which we call Core Areas.
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CSR

CSR

Fairfield operates a socially responsible and safety conscious business with the highest regard for the environment.
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News

News

Fairfield Energy believes it is essential that its stakeholders, partners and the wider public are kept abreast of its activities.
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Contact

Contact

If you would like further information or have a general enquiry, we would be delighted to hear from you.
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