Rockhopper Exploration plc has extended each of its oil production licences (100%) in the South Falkland Basin.
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The licences, which were due to expire on 3 December 2022, will remain valid until 3 December 2024.
Chief executive Samuel Moody said that the company would continue to focus on working with Navitas Petroleum LP to develop the Sea Lion prospect in the North Falkland Basin.
“[The] extension will enable us to progress our understanding of these highly prospective licences in the south – in particular, the PL011 licence which adjoins the Borders & Southern Darwin discovery – which offer the opportunity for future regional development in the Falklands.”