UK North Sea operator has completed a strategic review of its assets. Shareholders have approved the resultant business plan, agreeing in principle to provide a further $150 million to fund future growth opportunities.
Offshore staff
STAINES, UK -- UK North Sea operator has completed a strategic review of its assets. Shareholders have approved the resultant business plan, agreeing in principle to provide a further $150 million to fund future growth opportunities.
This has led to numerous board changes. Among these, Ron Emerson, formerly senior independent director, becomes chairman.
Chris Wright, who was chairman, is appointed CEO, replacing Mark McAllister, who has resigned, although he will remain as an advisor to Fairfield on decommissioning issues.
