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| From: JonH🍕 |
This is good,,
Should give them a boost.
The multi-billion dollar Sea Lion oil project in the North Falkland Basin—operated by Israel's Navitas Petroleum in partnership with the UK's Rockhopper Exploration—is moving into full development. After over a decade of delays, the project reached a Final Investment Decision (FID) in December 2025.Project Timeline and DetailsFirst Oil: Targeted for early 2028.Resource Estimates: Total recoverable resources are estimated at over 315 million barrels for Sea Lion, with potential to reach 500+ million barrels when including nearby prospects.Phase 1 Capacity: Targets 170 million barrels with a peak production of 50,000 barrels per day.Phase 2: Will add another 144+ million barrels, requiring 12 additional wells to maintain peak production.
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| Current Thread | Author | Time | | Free Thinking Doggie | 13:35:24 | | Free Thinking Doggie | 14:15:07 | | Free Thinking Doggie | 13:51:35 | | Free Thinking Doggie | 14:09:29 | | Free Thinking Doggie | 14:12:16 | | JonH🍕 | 13:49:34 | | Free Thinking Doggie | 13:58:29 | | JonH🍕 | 14:02:39 | | Free Thinking Doggie | 14:05:47 | | Free Thinking Doggie | 13:51:57 |
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