Non-core assets

Maureen

Overview

The Maureen field is located in Block 16/29a, 16/29b and 16/24b. The Group acquired its interest in the Maureen field in 2005, 2007 and 2008 from AOGL, BG and Apache North Sea Limited, respectively

Background and history

FCL has a 61.5 per cent., 49.9 per cent. and 49.9 per cent. operated interest in Licence P110 Block 16/29a (Maureen Field Area) and Licence P591 Blocks 16/29b and 16/24b, respectively.

In partnership with Apache North Sea Limited and then Endeavour Energy Limited, detailed subsurface evaluation identified a number of drilling opportunities which proved to have been swept during earlier production when these were tested in 2007 and in 2009.

In early 2011 Fairfield and Endeavour signed a farm-in Option Agreement with Progressive Energy. Under the terms of this agreement Progressive has the option to acquire a 51 % interest. Progressive are studying Maureen as a potential CO2 sequestration and EOR opportunity.

Clipper South

Clipper South

Fairfield holds a 25% interest in the Clipper South Discovery Area with partners RWE DEA UK SNS Ltd as Operator and Bayerngas North Sea Ltd’
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Crawford

Crawford

Fairfield holds 25% interest in the Crawford Oilfield, located in the Central North Sea. It holds almost 200 million barrels of Oil in Place.
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Glein

Glein

Fairfield acquired 50% of the Glein area which is located in Licence P1746 comprised of blocks 48/11c and 48/12b, and contains two undeveloped discoveries, Glein and Eos
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Operations

Operations

Fairfield has full or partial ownership of six assets within the North Sea, transforming discoveries into productive capacity.
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