Rockhopper Secures Stake in FPSO Bound for Falklands Waters
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The British company disbursed $44 million for a key structure that will allow it to extract up to 180,000 barrels per day in an area claimed by Argentina.
Despite opposition from the national government, progress continues in Sea Lion. British oil company Rockhopper acquired a 35% share in a floating production, storage and unloading platform (FPSO) that will be used in the development of the offshore project, which it promotes along with the Israeli Navitas in the vicinity of the Falkland Islands...
Rockhopper has announced the purchase of a 35% stake in a floating platform that will be part of the Sea Lion project in waters of the Falkland Islands.
Rockhopper secures stake in FPSO bound for Falklands waters
Rockhopper Exploration is putting $44m into the Sea Lion development off the Falkland Islands, committing to a 35% stake in the OSX-1 FPSO as political pressure from Argentina and contractor withdrawals continue to hang over the project. The vessel will become Sea Lion’s second FPSO. The first, Aoka Mizu, has already been selected for the …
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