Fossil Energy – Falkland Islands
Navitas Petroleum and partner Rockhopper Exploration are progressing their plans to develop the Sea Lion field in the Falkland Islands.
![](https://ocean-energyresources.com/wp-content/uploads/2023/03/sea-lion.jpg)
Navitas farmed into the asset in 2022 and took over operatorship. The revised development plan proposes a two-phase programme and the use of a redeployed FPSO. Following a final investment decision (FID), which is now expected during 2024, Phase 1 drilling would begin approximately 12 months later.
A total of 18 wells are planned for Phase 1, with 11 of these to be drilled before first oil, which is anticipated approximately 30 months following FID. The Phase 2 drilling campaign would consist of five wells to be added about 42 months after first oil.