Category: North Falkland Basin
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Navitas expanding its oil & gas footprint in Falkland Islands
Navitas expanding its oil & gas footprint in Falkland Islands Israel’s Navitas Petroleum has taken steps to bolster its oil and gas portfolio off the coast of the Falkland Islands with a non-binding deal to get a majority stake in a license within the North Falkland Basin. The post Navitas expanding its oil &…
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15 years in the making: Falkland Islands’ Sea Lion ready to move forward to first oil
15 years in the making: Falkland Islands’ Sea Lion ready to move forward to first oil A final investment decision (FID) has been taken for a giant oil project in the North Falkland Basin (NFB), where $1.8 billion will be needed to foot the bill to first oil and $2.1 billion to project completion. This FID comes 15…
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Sea Lion runs into setback as financing delays Falkland Islands’ $1.4B oil project
Sea Lion runs into setback as financing delays Falkland Islands’ $1.4B oil project Israel’s Navitas Petroleum has put off a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), pushing it to the second half of the year for Phase 1 to put a financing plan in…
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Sea lion’s first roar pushed back as costs rise to $1.4 billion for Falkland Islands’ oil project
Sea lion’s first roar pushed back as costs rise to $1.4 billion for Falkland Islands’ oil project Israel’s Navitas Petroleum has postponed a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), bumping it to next year for Phase 1, following the cost hike to $1.4 billion.…