Sea Lion is a conventional oil development located in deepwater in Falkland Islands and is operated by Navitas Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Sea Lion was discovered in 2010, lies in block 14/05 and 14/10, with water depth of around 1,485 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2024. The development cost is expected to be $1,800 m. The Sea Lion conventional oil development will involve the drilling of approximately 29 wells and includes FPSO, subsea manifold, and subsea trees.
Field participation details
The field is owned by Navitas Petroleum and Rockhopper Exploration.
Production from Sea Lion
Production from the Sea Lion conventional oil development project is expected to begin in 2025 and is forecast to peak in 2027, to approximately 80,961 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2042.
Remaining recoverable reserves
The field is expected to recover 233.86 Mmboe, comprised of 233.86 Mmbbl of crude oil & condensate.
Contractors involved in the Sea Lion conventional oil field
Some of the key contractors involved in the Sea Lion project as follows.
Design/FEED Engineering: John Wood Group, Magnora, BW Offshore, KCA Deutag Alpha and NOV
Other Contractors: Dril-Quip, SBM Offshore, Houston Offshore Engineering, KCA Deutag Alpha and Loews
For more details on the Sea Lion Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
