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MercoPress, en Español

Montevideo, June 15th 2026 - 08:40 UTC

Tag: Sea Lion phase 1 development

  • Thursday, May 21st 2026 - 06:59 UTC

    Falklands’ oil, in June upgrade begins in Asia to adapt Aoka Mizu FPSO to Sea Lion development needs

    Navitas has shifted upgrade work on the Aoka Mizu from the Middle East to Asia due to the conflict in Iran, adding about US$ 45 million to the development budget

    Rockhopper Exploration (AIM:RKH), has highlighted progress at the Sea Lion oil development in the North Falkland Basin, operated by Navitas Petroleum. The first two phases will use the Aoka Mizu FPSO with capacity of 55,000 barrels per day, while a new memorandum of understanding for a second FPSO could lift total capacity by a further 125,000 barrels per day, significantly expanding the project’s production potential if implemented.

  • Wednesday, April 3rd 2019 - 08:43 UTC

    Rockhopper cuts losses and is progressing on Falklands' oil field development

    Rockhopper has made “significant” progress during 2018 to advance and execute financing for the Sea Lion phase 1 development.

    Rockhopper Exploration PLC on Tuesday said its loss narrowed in 2018 as it progresses on field development in the Falkland Islands. The oil & gas exploration and production company's loss narrowed in 2018 to US$ 7.1 million from US$ 9.0 million a year before, as revenue climbed to US$ 10.6 million from US$ 10.4 million.