Premier Oil exploring for oil in the Falkland Islands said the company is studying cost alternatives to its drilling operations and crude extracting sub-sea architecture for the development of the Sea Lion project, which could delay the original chronogram for first oil.
Bundled or reeled production flow lines could be constructed on-shore the Falkland Islands for Premier Oil, the UK independent company that is developing the Falklands Sea Lion project and expected to demand an investment of 5 billion dollars with first oil expected sometime in 2017.
UK independent oil and gas Premier Oil company said that the Falkland Islands Sea Lion project is one of their biggest operations undertaken to date involving an investment of 5 billion dollars with first oil expected sometime in 2017.