AMEC Awarded Fairfield Energy Contract

AMEC has been awarded a contract with Fairfield Energy Limited to provide a range of consultancy services that are integral to the acquisition of the Dunlin assets.

Fairfield Energy Ltd has recently entered into exclusive negotiations with Shell UK and Esso Exploration and Production UK to acquire their combined 56.8 % interest in the Dunlin and Dunlin Southwest fields, 97.6 % interest in the Merlin field and 100 % interest in the Osprey field in the Northern North Sea.

AMEC's scope for the consultancy services, over the coming months, will comprise assisting Fairfield with the management of the asset transition and controlled migration into production operations. Fairfield has also entered into exclusive negotiations to enter into a contract with AMEC for the provision of 'Duty Holder' services in relation to the assets.

Fairfield Energy is a new British Operator in the North Sea, with a desire to work innovatively and in partnership with AMEC to ensure the longevity of the Dunlin area assets and the assured ongoing employment of personnel.

AMEC and Fairfield's combined capability will provide all the key skills necessary to extend field life by many years and to maximise the economic recovery of hydrocarbon.

John Pearson, Managing Director for AMEC's Natural Resources business in Europe and West Africa, said "AMEC's Production Operations strengths are based on many years involvement both in the North Sea and on major Asset Support services contracts worldwide, from small normally unmanned gas platforms to some of the world's largest FPSOs. This is an exciting opportunity for AMEC which is very much aligned with our strategy of high-value project management and engineering. We look forward to working with Fairfield to ensure the continued sustainability of the asset".

Fairfield Energy is an independent UK oil and gas company formed in November 2005 and based in Staines, Middlesex. Fairfield is funded by a syndicate of leading European and North American private equity investors led by Warburg Pincus. Fairfield's current assets include the abandoned Maureen and Crawford fields in the UKCS which the company is in the process of appraising with a view to redeveloping.

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Posted 15/06/07

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