A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.
Drilling is pressing ahead in Egypt for small producers, such as TransGlobe Energy and Rockhopper Exploration.
Chairman of Rockhopper Exploration, David McManus, will tell shareholders at the company’s AGM today that “all efforts” are focused on securing funding to get the Sea Lion project sanctioned in 2018.
Rockhopper Exploration said today that the Sea Lion phase 1 project in the North Falkland Basin was moving towards sanction at the end of 2018.
Rockhopper Exploration has been dealt mixed results in its Egypt campaign.
Rockhopper was today considering potential funding bids for its Sea Lion development in the North Falkland Basin.
Rockhopper Exploration today said a new report reinforced its stance that the North Falklands was a billion barrel basin.
A UN Commission recommendation to expand Argentina's waters to include those around the Falkland Islands hit shares in oil and gas companies with interests in the South Atlantic.
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.
Oilwell Varco has landed a FEED contract with Rockhopper Exploration.
Rockhopper's production plans in Italy have been shelved after its bid to circumvent an exploration ban failed.
Rockhopper has appointed to new members to its board following the completion of its merger with Falkland Oil and Gas (FOGL).
Rockhopper Exploration and Falkland Oil and Gas have agreed merger deal - a move which will create the largest North Falkland Islands licence.
Rockhopper Exploration has spudded its latest well in the Falklands region as it looks to increase the volume of proven oil.
Rockhopper Exploration has achieved first gas from its onshore Civita gas field in Italy.
Rockhopper Exploration's new side track well at the Guendalina gas field offshore Italy has provided the company with a production boost.
Rockhopper Exploration saw its bid to acquire production and exploration assets in Egypt denied after a joint venture party exercised its right of pre-emption.
Rockhopper Exploration has reached an agreement to drill a further well on the Isobel/Elaine complex in the North Falkland Basin. The company said the re-drill well will target the Isobel Deep reservoir which has oil bearing in well 14/20-1 but could not be logged or sampled for mechanical reasons. This new well will be drilled 4km from the original bore and is also expected to encounter additional reservoir targets in the Elaine South and Isobel Shallow fans.
UK independent Rockhopper Exploration hopes to boost its coffers following the completion of a new sidetrack well in the Mediterranean.
Beach Energy has bought a 40% operating interest in the highly prospective oil producing ATP 1056 permit in Queensland, Australia from AGL Cooper Basin, a subsidiary of AGL Energy, for $850,000.
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.
Rockhopper Exploration has agreed on an asset purchase deal with Beach Energy that will give it a number of assets in Egypt in a $22million deal. The move will see the company gain a 22% interest in the Abu Sennan concession and a 25% interest in the El Qa’a Plain concession. Rockhopper said the headline consideration for the deal is $22million payable to Beach Energy through a combination of cash and the issue of the Rockhopper consideration shares.
Premier Oil said a further oil discovery has been made in the Isobel deep exploration well in waters off the coast of the Falklands. The find is believed to have similar properties to the discovery which was made at the Sea Lion project. Premier exploration director Andrew Lodge said:"This is an important play opening discovery in the previously unexplored southern area of Licence PL004.
Rockhopper Exploration has been awarded a 40% share in an offshore block in Croatia in a partnership deal with Eni. Block 9 is located in shallow waters of the Northern Adriatic gas province and contains the previously discovered Ksenija accumulation along with the Klaudija prospect. The company said the anticipated work programme consists of seismic acquisition, processing and re-processing during the first exploration phase, with the drilling of a well in the second exploration phase.