Premier reports its Sea Lion field project is suspended with farm-in documentation however agreed with Navitas Petroleum. The latter is to acquire a 30% interest in the Sea Lion project in the North Falklands Basin, partnership to become Premier (op) 40%, Rockhopper + Navitas 30% ea.   When work resumes, a new drill-centre is planned in the field, 29 wells in phase 1 devt (20 producers, 8 water injectors + 1 gas injector). Plateau production is expected at 85,000 b/d using an FPSO and tapping 250 MMbbl. The Ocean Endeavor SS has an LoI for this project.
Premier reports its Sea Lion field project is suspended with farm-in documentation however agreed with Navitas Petroleum. The latter is to acquire a 30% interest in the Sea Lion project in the North Falklands Basin, partnership to become Premier (op) 40%, Rockhopper + Navitas 30% ea.