Falklands sanctions Premier offshore farm-in

Offshore staff

LONDON -- Rockhopper has formal approval from the Falkland Islands for its license farm-out agreement with Premier Oil.

This involves the assignment to Premier of 60% of production licenses PL023, PL024, PL032l and PL033 in the offshore North Falkland basin, and 60% of Rockhopper's interest in PL003 and PL004.

The government also has sanctioned Premier to become operator of PL023, PL024, PL032, PL033, and area PL004b of PL004.



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