Sea Lion Partners Advance Second FPSO Plan as Development Targets 180,000 Bbl/d
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British Chancellor Ed Miliband gave free rein to the Sea Lion project, operated by Israeli Navitas and British Rockhopper, despite the Argentine claim.
Sea Lion partners advance second FPSO plan as development targets 180,000 bbl/d
Rockhopper Exploration has acquired a 35% interest in the OSX-1 FPSO, earmarked for a future phase of the Sea Lion field development, while partners continue progressing the project despite renewed sanctions threats from Argentina.
The confirmation was circulated by Navitas, the Israeli company that leads the project together with the British company Rockhopper. The decision was made after the administration of Javier Milei requested precautionary measures before the International Tribunal for the Law of the Sea to prevent activities in the disputed area.
Channel C United Kingdom authorized oil exploitation in the Malvinas Islands The British Chancellor endorsed the work in the Sea Lion field, operated by firms from Israel and Great Britain. The project plans to extract up to 180,000 barrels per day in spite of Argentina's rejection and submissions to international courts. The publication United Kingdom authorized oil exploitation in the Malvinas Islands appeared for the first time in Canal C
The announcement follows Argentina's claim before the International Tribunal for the Law of the Sea.
The British Foreign Secretary enabled Sea Lion’s oil exploitation in the Islands. Shortly before that, the Government had formalized a request to prevent such activity before the International Tribunal for the Law of the Sea.
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