NPDP Confirms Final Investment Decision of Sea Lion Development

12 January 2026

Navitas Petroleum Development and Production Ltd (NPDP), a UK Limited company and a subsidiary of Navitas Petroleum, has taken a final investment decision (FID) on the Sea Lion Development, approximately 220 km to the north of the Falkland Islands.

Phase 1 of the development will ramp up significantly throughout 2026, and NPDP will open an office in Aberdeen early in 2026 to work in conjunction with its London base and its office in the Falkland Islands. This initial stage consists of drilling of 11 subsea wells tied back to a redeployed floating production, storage, and offloading (FPSO) vessel. Phase 2 will add a further 12 wells, expected within three years of first oil.

The Sea Lion field has 319 million barrels of certified resources. The first phase has a peak production rate of 50,000 barrels per day and is expected to come online in the first half of 2028.

Ian Ramsay, Chief Operating Officer (COO) at NPDP, said: “The Sea Lion field has significant benefits for the UK and Falkland Islands economies.

“This is a milestone moment for the Falklands, and we are committed to being responsible and respectful custodians of the Sea Lion field throughout its lifetime.”

NPDP is the operator and holds a 65% stake in the field, while Rockhopper Exploration plc holds the remaining 35%.