Falklands sanctions Premier offshore farm-in

Oct. 12, 2012
Rockhopper has formal approval from the Falkland Islands for its license farm-out agreement with Premier Oil.

Offshore staff

LONDON --Rockhopper has formal approval from the Falkland Islands for its license farm-out agreement with Premier Oil.

This involves the assignment to Premier of 60% of production licensesPL023, PL024, PL032l and PL033 in the offshore North Falkland basin, and 60% of Rockhopper's interest in PL003 and PL004.

The government also has sanctioned Premier to become operator of PL023, PL024, PL032, PL033, andarea PL004b of PL004.

10/12/2012