Rockhopper Exploration has hailed 2015 as a "transformational year" as the company looks ahead to developing the huge potential of the Sea Lion prospect in the South Atlantic.
Falkland Oil and Gas
Despite current low oil prices, the oil and gas industry in the Falkland Islands is continuing to go from strength to strength as its first project, Premier Oil’s Sea Lion, moves closer to commercialisation, according to an analyst with research and consulting firm GlobalData.
Rockhopper Exploration's merger with Falkland Oil and Gas has led to former Falkand chief executive Tim Bushell and chairman John Martin appointed non executive directors.
Rockhopper Exploration and Falkland Oil and Gas have agreed merger deal - a move which will create the largest North Falkland Islands licence.
Falkland Oil and Gas Limited, the exploration company focused on the South Atlantic, has said efforts to resolve equipment issues on its Humpback well took longer than expected and resulted in a revised drilling programme.
Any attempt by Argentina to seize the assets of oil drillers operating in the disputed Falkands will have no basis in law, the UK Government has said.