Fairfield Announces Causeway Tie-in to Dunlin

abarrelfullabarrelfull wrote on 26 Dec 2013 12:32

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26 September 2008

Fairfield announces the signing of a Heads of Terms with Antrim Energy Ltd ( “Antrim”) for the provision of platform hosting services on the Dunlin Alpha Platform for Antrim’s Causeway Development, planned to be developed using a subsea tie-back to the Fairfield-operated Dunlin Alpha Platform. Dunlin lies approximately 9 kilometers to the east of Causeway.

The Agreement with Antrim includes provision for engineering, procurement and installation of all platform facilities and services required to host the operation of the Causeway Field, processing of Causeway production and export of Causeway oil to Cormorant. The Agreement forms the commercial basis for more detailed agreements to be developed between Fairfield and Antrim covering the construction and tie-in scope of work and a fully termed transportation, processing and operating services agreement.

Fairfield has also signed a contract with Antrim for the front-end engineering design (FEED) study of the modifications required on Dunlin for the Causeway tie-in. This FEED study, which is due for completion in early 2009, will establish the detailed scope of work, costs and schedule for the platform and riser modification work.

These two agreements are consistent with Antrim's plans to submit a Field Development Plan (FDP) to the UK Department of Business, Enterprise and Regulatory Reform (BERR) later this year, with project approval expected by mid-2009 and first oil from Phase 1 of the development by mid-2010.

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