Rockhopper Exploration (RKH) has long had hopes of commercialising its Sea Lion development in the North Falklands Basin, but in the last two years it has been hamstrung by a limited balance sheet and a debt-laden partner in Premier Oil (PMO).
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The tide might be turning. In an update on the project's front end engineering design (FEED) - which has been "substantially progressed and derisked" in 2017 - Rockhopper said "a number of contractors" and "potential providers of export credit finance" had expressed an interest in funding the project ahead of its sanction next year.