News Oil & Gas

Rockhopper reports second extension for Falklands deal

Rockhopper Exploration plc, Harbour Energy plc and Navitas Petroleum LP have extended the provisions of the heads of terms for oil interests in the North Falkland Basin.

Deadline: main elements of the transaction have been agreed (Rockhopper)

DATE

The companies, which signed the deal in December 2021, first extended the date from 31 January to 31 March 2022.

Today’s announced agreement extends the deadline from 31 March 2022 to 30 April 2022.

Rockhopper said that the main elements of the transaction had all been agreed, with a view to signing definitive documentation by this date.

The result would see Harbour Energy plc exit the Falklands Islands and for Navitas Petroleum LP to farm-in.