Upward revision for first-phase Sea Lion oil

Sea Lion Phase 1 field layout.
Sea Lion Phase 1 field layout.
(Courtesy Rockhopper Exploration)

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.


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