EnQuest acquire 32% interest in the 9/28a-Area B block from Fairfield Energy
On 10 May 2011, Fairfield Energy announced an agreement to farm-out 32% of Block 9/28a (ALL), which contains the Crawford Redevelopment and Porter discovery, to EnQuest. Under the terms of the agreement EnQuest will carry up to US$57.5 million (£34.9 million) of Fairfield's development costs and will assume operatorship of the Crawford Redevelopment. An effective date of 1 January 2011 has been assumed. At the time of writing the deal had not been completed. Parties ...