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Montevideo, September 26th 2018 - 13:24 UTC

Falklands: Rockhopper satisfied with advance of Sea Lion project

Friday, January 12th 2018 - 07:39 UTC
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CEO Sam Moody said he was pleased to start 2018 by reporting material progress alongside partner Premier in moving forward many aspects of the Sea Lion project CEO Sam Moody said he was pleased to start 2018 by reporting material progress alongside partner Premier in moving forward many aspects of the Sea Lion project
“We are delighted to have entered into exclusive letters of intent with a number of the key contractors to Sea Lion” “We are delighted to have entered into exclusive letters of intent with a number of the key contractors to Sea Lion”

Rockhopper Exploration said the Sea Lion phase 1 project in the North Falkland Basin was moving towards sanction at the end of 2018. London-listed Rockhopper said project partners had been focusing on securing the US$1.5billion of capex required to achieve first oil.

 Rockhopper has a 40% working interest in the project, having farmed out 60% to Premier Oil in 2012. The company said a new draft field development plan (FDP) was submitted for discussion with Falkland Islands Government in November 2017.

It also said the environmental impact statement was “substantially complete”, with a 42-day public consultation expected to commence this month.

Sam Moody, chief executive of Rockhopper, said: “We are pleased to be able to start 2018 by reporting on the material progress we have made alongside partner Premier in moving forward many aspects of the Sea Lion project in recent months.

“We are delighted to have entered into exclusive letters of intent with a number of the key contractors to Sea Lion and are hopeful of entering more during the first quarter of 2018.

“This news, alongside good progress with Falkland Islands Government on the field development plan discussions, and continued engagement with FIG and other stakeholders on the Environmental Impact Statement, represents good progress in taking the steps required to sanction the Sea Lion development at the end of 2018.

The Sea Lion complex is estimated to contain around 520mmbbls which will be developed in two phases.

This week and next week Premier are holding briefing presentations on East and West Falklands in order to introduce the Sea Lion Project Environmental Impact Statement and summarize the key findings of the impact assessment. (PN)

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  • Brit Bob

    By a ruling of the UN, Argentina will extend its maritime platform (Politica Argentina) ; New map of the maritime platform reaffirms the sovereignty of Malvinas with UN endorsement (ElCronista); Argentina enlarges its territory 35%, with a UN endorsement ...(La Capital).To add to this euphoric atmosphere the Argentine Foreign Minister stated, ''This is a historic opportunity for Argentina. We have taken a great step in the demarcation of the outer limit of our continental shelf; the most extensive boundary of Argentina and our border with humanity,'' Foreign Minister Susana Malcorra told La Nacion, which tomorrow will publicly announce the details of this resolution. (Susana Malcorra, quoted by Dinatale M, La Nacion, Argentina, 27 March 2016).

    Argentina's Continental Shelf Claims and The UN CLCA Commission (1 page):-
    https://www.academia.edu/33898951/Argentinas_Continental_Shelf_Claims_-The_UN_CLCS_Commission

    And what does international law say about the ownership of natural resources?

    Jan 12th, 2018 - 10:10 am +1
  • JanH

    England will return the Malvinas within 25 years.

    Jan 17th, 2018 - 04:54 am 0
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