Sea Lion Oil Project: A Major Milestone in Falkland Islands
Update: 2025-12-18
Description
Sea Lion oil project, off Falkland Islands, finally moves forward after 15 years of delays. Navitas Petroleum and Rockhopper Exploration make final investment decision, marking a significant step for the largest deepwater oil development in the South Atlantic outside of Brazil. Project faced political, legal, and financial hurdles, but Navitass involvement revitalized it. First phase aims to recover 170 million barrels of oil, with peak production of 50,000 barrels per day. First oil targeted for 2028. Success could unlock other discoveries and reshape investor perceptions of the region.
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