Shell and ExxonMobil have agreed to sell their combined interests in four fields in the northern North Sea to Fairfield Energy and Mitsubishi.
Offshore staff
ABERDEEN, UK --Shell and ExxonMobil have agreed to sell their combined interests in four fields in the northern North Sea to Fairfield Energy and Mitsubishi.
The cluster comprises Dunlin and Dunlin Southwest, both produced by a fixed platform, and the subsea tiebacks Merlin and Osprey. All are in UK Quadrant 211, in a water depth of around 151 m (495 ft), with cumulative current production of 8,000 boe/d.
Shell announced negotiations were under way for these mature assets in mid-June. Subject to government consent, London-based Fairfield should become operator early in 2008, with 70% of the overall equity. Mitsubishi will hold the remainder.
Fairfield is one of numerous operators new to the North Sea with plans for field extension programs. The Dunlin staff will transfer to Amec, which will act as duty holder of the installation on Fairfield's behalf.
