A planned farm-out of the Premier Oil Sea Lion project in the Falklands has gone into extra time due to the firm's mega-merger with Chrysaor.
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.
Production start-up from Premier Oil’s Catcher FPSO helped widen pre-tax profits for BW Offshore.
Falklands focussed oil and gas firm Rockhopper Exploration said yesterday that it is working towards a final investment decision on its Sea Lion development by the end of 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.
A diver has filmed a sea lion sitting on the support structures of an oil rig. The video, uploaded to YouTube by stujay on the weekend, does not say where the film was shot or which rig is involved.
Premier Oil’s Sea Lion development is on track to be sanctioned in 2018, according to an announcement made by partner on the field Rockhopper Exploration.
Rockhopper was today considering potential funding bids for its Sea Lion development in the North Falkland Basin.
Rockhopper Exploration has continued to strip costs out of its Sea Lion development in the North Falkland Basin, according to its half year report.
Oilwell Varco has landed a FEED contract with Rockhopper Exploration.
Hibiscus Petroleum has spudded the Sea Lion well after the project was delayed. The company’s subsidiary, Carnarvon Hibiscus, said the West Telestro drilling rig arrived at the site last week following a 196-mile tow from its original location. The planned total depth of the well is 1,800metres with the exploration well expected to take up to 30 days.
Hibiscus Petroleum said the West Telesto drilling rig has been demobilised from its previous assignment and will be handed to its subsidiary next week. The spud date for the Carnarvon Hibiscus Ltd (CHPL) operated Sea Lion-1 exploration well is expected by October 25th with the overall programme expected to take up to 30 days.
The Sea Lion-1 exploration well is facing further delays due to continued weather conditions preventing the handover of the West Telesto rig from its current operator. Hibiscus Petroleum is currently awaiting handover of the jack-up from Origin Energy in the Gippland basin. 3D Oil said the hold-up was not at the material expense of the joint venture and was also not due to the performance of the rig or other operational factors.