"Sea Lion" News

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…

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, 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…

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 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…

Dril-Quip Confirms Sea Lion Project

Oct 22, 2018

The offshore drilling and production equipment manufacturer Dril-Quip has announced that Dril-Quip (Europe) Limited, its wholly-owned subsidiary based in Aberdeen, Scotland, has entered into a Front End Engineering and Design (FEED) Contract…

Rockhopper: Sea Lion sanction by end of 2018

Jan 11, 2018

UK-based explorer Rockhopper says the Premier Oil-operated Sea Lion project, offshore the Falkland Islands, is moving towards sanction by year's end.  Sea Lion schematic Phase 1, 2, and 3. Image from Rockhopper…

Sea Lion sanction set for 2018

Jun 14, 2017

Premier Oil’s Sea Lion project is on the path to being sanctioned next year following substantial progress, with first oil targeted in 2021, according to partner Rockhopper Exploration. Sea Lion schematic Phase 1…

Sea Lion to tap UK Export Finance, contractors

Sep 07, 2017

Falklands-focused explorer Rockhopper Exploration says a funding package for the Sea Lion development is progressing, with the UK's export credit agency and contractors potentially set to step in with cash.  Rockhopper says the Premier…

Uruguay, take three

Sep 25, 2017

Renowned for its agriculture and livestock industries, Uruguay has sought to expand its oil and gas exploration and production sector over the past decade. The South American nation hopes that its third offshore licensing round will attract…

Weathering the storm

Aug 01, 2017

Infield Systems’ Catarina Podevyn surveys the FPSO market and discusses recent projects awards. The John Evans Atta Mills MV25 FPSO, operating at Tullow’s TEN project, offshore Ghana. Photo from MODEC…

Tiebacks by the numbers

Apr 01, 2017

With large-scale projects on hold, subsea tiebacks are accounting for 75-80% of sanctioned projects. Will it last? Elaine Maslin shares Wood Mackenzie’s view. Statoil’s Bryding tieback layout…

Cook Inlet lease sale announced

Feb 27, 2017

The Bureau of Ocean Energy Management (BOEM) has revealed plans to offer about 1.09 million acres in the Cook Inlet, offshore Alaska, in a proposed lease sale this year. The Cook Inlet Oil & Gas Lease Sale 244, due to take place in June 2017…

Year in review: 2016

Dec 13, 2016

As OE takes a look back on the year that was 2016, our website's most popular stories pretty much tell everything you need to know. It has been a depressing year for the industry with too many job cut announcements, rigs and vessel stacked (or sold)…

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