Sea Lion upfront development CAPEX materially reduced. Rockhopper has announced an update to its planned development concept for its Sea Lion project in the Falklands (Rockhopper 35%), which is being progressed in partnership with Navitas Petroleum. As previously indicated by Rockhopper, the main change in the new development plan is a reduction in the CAPEX required to get to first oil: this is now expected to be US$1.3bn gross, from US$1.8bn previously, and includes using a leased redeployed F ....