Rockhopper Exploration plc’s partner in the Sea Lion discovery has had phased work, including 64 wells, set out in a revised independent report on the North Falkland Basin project. PHASES Israel-headquartered operator Navitas Petroleum LP, targeting a final investment decision for mid-2025, commissioned the independent resource report from Netherland Sewell & Associates (NSAI). “The report […]
Tag: final investment decision – FID
Corcel welcomes production in IRAI field
Corcel plc said that sustained gas production at 20,000m³ a day had been confirmed from the EI-1 well in the IRAI field in the state of Bahia, Brazil. DECISION Operator Petroborn Óleo e Gás S.A. re-entered the well to test the gas zone at 417m and is currently connecting it to existing gas production infrastructure […]
Sea Lion FID deferred to mid-2025
Rockhopper Exploration plc’s partner has indicated that the final investment decision has moved from late 2024 to mid-2025 with first oil during Q4 2027 at Sea Lion in the North Falkland Basin. AREAS The company added that the gross capital expenditure needed to first oil had risen to US$1.4 billion due to inflation but the project […]
Rockhopper welcomes Navitas plan for Sea Lion
Rockhopper Exploration plc’s partner has produced a revised development plan for phased drilling of 23 wells for 269 million barrels of oil at the Sea Lion project in the North Falkland Basin. RESOURCE In its 2022 presentation, the company described the Sea Lion project as a world class field that was larger than the North […]