LONDON – Rockhopper says it is fully financed for the Sea Lion development offshore the Falkland Islands and for a three-well exploration campaign scheduled for 2014.
Premier Oil has acquired 60% of all Rockhopper’s acreage in the north Falkland basin and assumed operatorship where applicable. However, Rockhopper has retained the sub-surface lead role and is working with Premier to draw up wider exploration prospects.
Work continues to finalize concept selection for Sea Lion in June 2013. Front-end engineering and design can then begin with a view to submit the field development plan and subsequent approval in 2014.
Recently completed activities include completion of geotechnical and baseline surveys, refurbishing and redeploying a current meter, and deploying the equipment needed for the static acoustic monitoring survey.