Fairfield Energy - 2012-07-10
Description
Riverstone Holdings LLC will initially make a $150 million equity commitment with the option of subscribing a further $200 million alongside future contributions from current investors led by Warburg Pincus. The Riverstone investment will build on the platform provided by this established portfolio. Fairfield management sees significant opportunities in several plays and sub-basins in the North Sea, and these require major new investment to advance to full value.