Rockhopper Exploration and operator Navitas have taken Final Investment Decision (“FID”) on Phase 1 of the Sea Lion oil field development in the North Falkland Basin, sanctioning a US$2.1bn project targeting 170mmbbl with first oil expected in 2028.FID after 15 years of delays sends a powerful signal that The Falklands are investable again and major project financing is achievable. This has several positive implications for Borders, including a re-rating of jurisdictional risk, renewed industry ....
