Rockhopper Exploration PLC

Rockhopper Exploration Plc is an oil and gas exploration and production company focused on the North Falkland Basin. The company's flagship asset is the Sea Lion oil field, located offshore the Falkland Islands, in which it holds a 35% working interest. Sea Lion is operated by Navitas Petroleum, which holds the remaining 65% interest.

The Sea Lion field contains contingent resources of 269 million barrels of oil (2C estimate) with additional upside potential. The field development plan envisions a two-phase approach with total capital expenditure estimated at $2.2 billion. Phase one would see peak production of approximately 100,000 barrels per day from 18 production wells.

Rockhopper Exploration is in the development stage as it works towards the final investment decision and the first oil from the material Sea Lion discovery. Successful development of Sea Lion can establish the company as a sizable Falkland Islands-focused producer with the potential for further exploration success in surrounding licenses.