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Falklands : Sea Lion Development Update
Submitted by Falkland Islands News Network (Juanita Brock) 24.08.2013 (Article Archived on 21.09.2013)

After its original response to Rockhopper Exploration’s press release the Falkland Islands Government noted the update provided by Premier Oil on Thursday regarding the progress of the Sea Lion oilfield development in the North Falkland Basin.





Sea
Lion Development Update



 



By J. Brock (FINN)



 



After its original response to
Rockhopper Exploration’s press release the Falkland Islands Government noted
the update provided by Premier Oil on Thursday regarding the progress of the
Sea Lion oilfield development in the North Falkland Basin. The Falkland Islands
Government supports the proposed phased development concept which will help
mitigate local infrastructure and capacity pressures during peak development
activity.



 



The news emerges following a
comprehensive meeting to discuss the Sea Lion Project and the progress of
Premier Oil’s offshore exploration and development activity in the Falkland Islands.



 



Stephen Luxton, Director of
Mineral Resources, said: “Premier continues to advance the Sea Lion development
concept with a target for project sanction and gaining FIG approval towards the
end of 2014. The proposed phased development concept has been discussed extensively
with FIG and its advisers. We are confident that it appears to be the optimum solution
to deliver a successful project. Maximum economic recovery of offshore
resources remains FIG’s guiding policy”.



 



The Director of Mineral Resources
attended a regular Sea Lion project meeting on 15th and 16th August in London
together with representatives from the British Geological Survey, the Department
of Energy and Climate Change and the Health and Safety Executive.



 



The full related press release can be found
at:



http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11685672



 





 

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