The Sea Lion field is a significant oil discovery located approximately 220km to the north of the Falkland Islands (located in Production Licences PL032 and PL004b).
Navitas Petroleum Development and Production Ltd (NPDP), a UK based fully owned indirect subsidiary of international oil and gas organisation Navitas Petroleum, and Rockhopper Exploration plc have now reached Final Investment Decision (FID) on the Sea Lion Northern Development. This means that all the necessary approvals and funding for full-scale project execution have been secured.
Sea Lion’s activities will be run from NPDP offices in London, Aberdeen and Stanley and production is expected to last for over 30 years, creating jobs across the FI & UK supply chain over that period.
NPDP is taking a staged approach to Sea Lion. Having secured the required regulatory approvals and finance for Phase 1&2, it will commence drilling 11 subsea wells, tied back to a redeployed floating production, storage and offloading (FPSO) vessel. Phase 2 will commence approximately three years after first oil, with 12 further subsea wells to be drilled and tied back.
NPDP, which owns 65% of Sea Lion with partner Rockhopper Exploration plc (35%), plans to produce first oil in early 2028.
Please see in the links below the following Falkland Islands Public Consultation documents:
(1) Environmental Impact Statement
(2) Environmental Impact Statement Non-Technical Summary
(3) Sea Lion Northern Development Area Phase 1 and 2 Economic Impact Assessment
(4) Sea Lion Northern Development Area Phase 1 and 2 Economic Impact Assessment Technical Report
(5) Sea Lion Norther Development Area Phase 1 and 2 Social Impact Assessment
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