MFDevCo Information

Marginal Field Development Company (MFDevCo) is an independent offshore oil and gas specialist, focused on maximising recovery from the vast, undeveloped hydrocarbon resources contained within marginal fields worldwide. We manage the entire lifecycle of marginal field projects from opportunity screening, suitability assessment and financing, from engineering through to production and decommissioning. We utilise appropriate re-deployable solutions which transform project returns from these undervalued assets. MFDevCo has established the Marginal Field Delivery Consortium, a collaboration of upstream oil and gas specialists, to help deliver our projects. Leveraging the experience and expertise of the Consortium members and applying innovative, proven, normally unattended solutions, we can significantly reduce capital and operational expenditure which increases project value and return. Together with the Consortium, we use our solutions and expertise to develop and deliver small or stranded hydrocarbon accumulations, delay decommissioning and extend the life of mature fields or early production systems through which initial early revenues can provide alternative field financing. Our mission is to help maximise the economic recovery from marginal hydrocarbon resources worldwide and, by extending the life of mature fields, defer decommissioning costs and minimise lost value. Our vision is to become the leader in developing marginal field projects and, alongside our delivery partners within the Consortium, to pioneer new approaches and technology through which we can unlock marginal fields.