Hatfield Petroleum plc was formed in 1988 when it was floated off by a much larger oil company which was in the process of restructuring. Hatfield specialises in working smaller oil wells using conventional extraction methods, both on-shore and off-shore, in a number of locations throughout the world and has been quite successful to-date. However, the company is now facing declining income and needs to invest in order to secure a sound future income stream. Consequently a number of new investment projects are under consideration.