Falklands’ oil industry, Rockhopper plans equity raise for second FPSO

Monday, August 31st 2026 - 08:47 UTC

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Rockhopper Exploration is planning an equity capital raising to fund its share of a second FPSO, (OSX-1), for the Sea Lion oil field development in the Falkland Islands, since operator Navitas Petroleum exercised its option to acquire the vessel for some US$ 125 million with the purpose of further adding production to 125.000 barrels of oil per day. Read full article

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Steve Potts
Regarding Falklands oil exploration, Argentine Foreign Minister Jorge Taiana stated in February 2010, that his Government would take 'all measures necessary to preserve our rights' and also reiterated that Argentina had a 'permanent claim' on the islands, saying ' Buenos Aires would complain to the UN over the oil project and might take the case to the International Courts of Justice in the Hague.' (British Drilling for Falklands Oil Threatens Argentine Relations, Pope, F. , 13 Feb 2010 and Potential Drilling off Falkland, Provokes Tension Between Argentina & UK, IRRU News, 17 Feb 2010).
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