"Sea Lion" News

Ombrina Mare Dispute: Italy Has to Pay 190M Euros to Rockhopper Exploration

Aug 24, 2022

Italy will have to pay 190 million euros to the oil and gas company Rockhopper Exploration for breaching its obligations related to the company's Ombrina Mare field in the Adriatic Sea.The oil company - now mainly focused on Falkland Islands'…

Navitas to Become Operator of Sea Lion Development Offshore Falkland Islands

Apr 19, 2022

Navitas Petroleum has agreed to farm into the Sea Lion oil field development project offshore the Falkland Islands.  In January 2020, Premier Oil, as the Sea Lion operator, and Rockhopper, as the partner in the project, signed non-binding heads of terms with Navitas Petroleum…

Argos Gets Offshore License Extension in Falkand Islands

Apr 11, 2022

Falkland Islands-focused oil and gas exploration company Argos Resources said Monday that the Falkland Islands government has extended the second term of the company's PL001 offshore license.The license, which would have expired on May 2, 2022…

Rockhopper Eyes Cheaper Development Option for Falkland Islands Oil Field as Partner Set to Exit

Sep 30, 2021

Oil and gas company Rockhopper Exploration on Thursday affirmed its intention to press ahead with the development of the Sea Lion offshore oil field in the Falkland Islands, a week after its partner decided to pull out.Rockhopper Exploration…

Harbour Energy Seeks to Exit Sea Lion Offshore Project in Falkand Islands

Sep 23, 2021

Harbour Energy, a London-listed oil firm created through a merger between Chrysaor and Premier Oil, has decided to exit the Sea Lion oil field development in the Falkland Islands.The company has a 60 percent stake in the oil field, with Rockhopper Exploration holding the remaining 40 percent stake…

Falkand Islands Gov't Gives More Time to Sea Lion Field Partners

Mar 05, 2021

The Falkland Islands government has agreed to extend the terms of several offshore oil and gas licenses, including the one containing the undeveloped Sea Lion field, oil and gas company Rockhopper has informed.To remind, Premier Oil, the operator of the Sea Lion development…

Eni Extends Saipem 10000 Drillship Term until 2023

Feb 25, 2021

Italian oil giant Eni has recently extended the contract for Saipem's Saipem 10000 drillship.The news was shared by the Italian energy services company Saipem on Thursday in its full-year and fourth-quarter 2020 report.'The most significant…

Premier Oil, Rockhopper, Navitas Take More Time for Sea Lion Deal

Nov 30, 2020

Oil and gas firm Rockhopper Exploration, with an interest in the Sea Lion project off the Falkland Islands, and Premier Oil as the operator, have reached an agreement with Israeli firm Navitas Petroleum to extend the exclusivity period for the latter's farm-in into the project…

Rockhopper Reducing Headcount, Directors' Salaries

May 19, 2020

Oil and gas company Rockhopper, with a share in the Sea Lion project off the Falkland Islands, has announced a set of cost-cutting measures which include headcount reductions, and directors' salary reduction.The company said Tuesday that due…

Premier Oil Shelves $1.8B Falkland Islands Offshore Project

May 13, 2020

UK-based oil and gas operator Premier Oil has said it has suspended the Sea Lion-1 oil project offshore the Falkland Islands.The company said the $1.8 billion offshore oil project would be suspended to minimize ongoing spend in light of the current market conditions…

Rockhopper: All Parties Committed to Sea Lion Farm-Out Despite Oil Price Rout

Mar 20, 2020

Rockhopper Exploration, a partner in Premier Oil-operated Sea Lion offshore oil project in the Falkland Islands, is confident it will manage to farm-out a share in the project despite the low oil prices and COVID-10 uncertainty.The two companies…

Independent Operators Lead 2020 FPSO Surge

Feb 04, 2020

2020 will be a peak year for floating production, storage and offloading unit (FPSO) demand with up to 14 awards forecast in Wood Mackenzie’s base case scenario, half of which will be located offshore Latin America. Only two of these facilities are expected to be Petrobras units…

Premier Oil, Rockhopper in Sea Lion Farmout Push

Jan 08, 2020

Premier Oil and Rockhopper, two oil companies working to develop the Sea Lion oil field offshore the Falkland Islands, have welcomed Navitas as their potential new partner in the project.The companies have signed non-binding heads of terms with Navitas Petroleum…

Premier Oil Cuts Operating Costs Forecast

Jul 17, 2019

Britain's Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to $12 per barrel of oil equivalent (boe) from $13 and expects debt reduction to reach the upper end of its $250-$350 million target by year-end.Premier, which had debt of around $2…

Premier Oil Raises Output Guidance

May 16, 2019

Britain's Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by efficiency measures and a late sale from its now-divested Pakistan oil fields.The company said it now expects output to reach 75,000 to 80…

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