Offshore staff
LONDON – Post-front-end engineering design has helped optimize the proposed Sea Lion development in the offshore North Falkland basin, according to partner Rockhopper Exploration.
Resources to be developed under Phase 1 have risen from 220 to 250 MMbbl, with capex to first oil estimated at around $1.8 billion.
The main service and supply contracts are close to final agreement ahead of execution at project sanction.
Operator Premier Oil is continuing efforts to secure senior debt funding ahead of a final investment decision.
08/22/2019
