Rockhopper has received approval from the Italian government for its environmental impact assessment of the Ombrina Mare field development in the Mediterranean.
The move comes on the same day it struck a deal with Beach Energy for the acquisition of a number of assets in Egypt.
The approval from Italy’s environment ministry will now be passed to the Ministry of Economic Development in order to complete the process to award the Ombrina Mare production concession company.
Chief executive Sam Moody, said: “While additional approvals are still required before we move into the production concession, we consider this to be a significant milestone towards unlocking the project.”
Rockhopper has interests in the North Falkland Basin in the South Atlantic and the Mediterranean.