Falklands extends oil licenses two years for farm-in Rockhopper/Navitas accord entornointeligente.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entornointeligente.com Daily Mail and Mail on Sunday newspapers.
Positive news for Falklands oil industry development. All regulatory consents for the transaction between Harbour Energy plc and Israel s Navitas Petroleum LP of its Falkland Islands offshore license interests have been approved by the Falkland Islands government and the United Kingdom minister of state.
Rockhopper Exploration and Navitas Petroleum have reached an agreement by which the Israeli company becomes the operator of the promising Sea Lion project located north of the Falkland Islands. This lays the basis for a new technical and financing plan for a lower-cost development of the Sea Lion area.