Sea lion’s first roar pushed back as costs rise to $1.4 billion for Falkland Islands’ oil project

Barchart · 11/26 10:50

Israel’s Navitas Petroleum has postponed a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), bumping it to next year for Phase 1, following the cost hike to $1.4 billion.

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