Sea Lion roars: Falkland Islands’ first project picks up speed

Project sanction planned in 2024 with a smaller redeployed FPSO being targeted
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Fresh air for Falklands’ oil industry: Navitas to become operator with Rockhopper, and Harbour exits

Encouraging news for the Falkland Islands budding hydrocarbons industry. Rockhopper Exploration officially announced on Wednesday that it had reached a new agreement with Navitas Petroleum by which its potential farm-in portion of the Sea Lion project increases significantly, while the current holder of the majority share, Harbour Energy exits the undertaking.

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Navitas takes big bite out of Sea Lion project offshore Falklands

Israeli player to operate challenging project once it agrees final investment decision with partner Rockhopper Exploraiton

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Shenandoah gets the go-ahead in the deepwater Gulf of Mexico

Transocean’s ultra-deepwater drillship Deepwater Atlas is expected to start operations at the Shenandoah field in 3Q 2022.  

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Shenandoah gets the green light

Development of the highly-watched US Gulf project to begin in 2022  

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Offshore oil and gas producer Beacon makes major final investment decision in Gulf of Mexico

The project could catapult Beacon Offshore Energy LLC from the 20th to the 10th-largest offshore producer in the U.S. Gulf of Mexico, said a senior analyst at Wood Mackenzie.  

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Navitas set for Sea Lion farm-in off Falklands

Israeli player inks preliminary pact with Premier and Rockhopper to acquire significant stake amid financing talks for field project Upstream, January 7, 2020 Premier Oil and partner Rockhopper Exploration in the Sea Lion field development prospect off the Falkland Islands have agreed a farm-in deal in an effort to grease the wheels of financing for […]

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New player joins Premier and Rockhopper in Sea Lion project

Rockhopper Exploration and Premier Oil have signed a detailed heads of terms with Navitas Petroleum to farm in for a 30 percent interest in the Sea Lion project located offshore the Falkland Islands.

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Navitas set for Sea Lion farm-in off Falklands

Israeli player inks preliminary pact with Premier and Rockhopper to acquire significant stake amid financing talks for field project

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Israel’s Navitas buys stakes in four Texas oil fields from Denbury

JERUSALEM (Reuters) – Israel’s Navitas Petroleum said on Sunday it had purchased 50% of the rights in four producing oil fields in Texas from oil and gas company Denbury Resources for $45 million.

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Navitas Petroleum raises $19.5m

The proceeds from the exercise of options will strengthen the company’s capital base and enable it to implement its strategic plan.

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Successful Buckskin drilling boosts Navitas

The energy exploration partnership’s participation units have gained 16% in three trading days.

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Israel’s Navitas raises estimate at Gulf of Mexico oil field | July 1, 2018 | Ari Rabinovitch, Tova Cohen

LONDON (Reuters) – Comcast Corp (CMCSA.O) on Wednesday raised its all-cash offer for Britain’s Sky (SKYB.L) to $34 billion, topping a raised bid of $32.5 billion for the pay-TV group from Rupert Murdoch’s Twenty-First Century Fox (FOXA.O).

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Navitas Petroleum Wins Bid for Gulf of Mexico Drilling Rights with $1.8 Million Offer | March 09, 2018 | Lior Gutman, Asaf Shalev

Israel-based startup Navitas Petroleum LP won a bid Wednesday to acquire deepwater drilling rights in the U.S. section of the Gulf of Mexico, with an offer of $1.8 Million. The company’s partner in the bid are Covington

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Navitas Petroleum will begin the first production drilling in Buckskin South Resovouir

The Israeli Oil Partnership will invest NIS 6.1 million in production drilling, according to its relative share in the reservoir (7.5%); drilling will begin next year
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The Gulf of Mexico oil boosts Navitas; Gideon Tadmor is "worth" about NIS 350 million 

The Oil Exploration Partnership estimates that its flagship reservoir, Shenandoah, will generate USD 1.1 billion in revenue in its first year of production (2025). Since March this year, the partnership led by Tadmor, a former executive with Yitzhak Tshuva's Delek Group, has doubled in value to approximately NIS 3 billion
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Navitas managed to increase revenues despite the drop in oil prices 

The oil and gas partnership published quarterly reports and updates on the progress of two of its huge projects - Production of oil at the Shenandoah project is expected to begin at the end of next year, and Navitas will announce its final investment decision in Monument next month
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Shenandoah is at 67% development, revenue of 27 million dollars 

The net profit almost tripled; Shenandoah's progress continues alongside Buckskin development; The partnership is expected to receive a final investment decision (FID) for the development of the Monument Reservoir adjacent to the Shenandoah Reservoir
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Navits' profit was 49 million dollars; Shenandoah production is expected to begin in late 2024.

With the start of production from Shenandoah, the partnership expects the annual revenue to jump up to 1.14 billion dollars, assuming an oil price of about 78 dollars per oil barrel. The partnership's revenue last year was 120 million dollars
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In the quarter, Navits' revenues increased by 28% as a result of a surge in oil prices

In the third quarter, the oil partnership's net profit increased by 60%; since the beginning of the year, the profit has increased by 200%.
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Navitas Petroleum acquires 20% of an oil reservoir in the Gulf of Mexico

Gideon Tadmor's Israeli oil and gas partnership will join the Monument reservoir, $300 million has already been invested in its development; Navitas will pay $12 million for 20% of the asset, and it is expected to generate $20 million annually.
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Navitas makes final investment decision on Shenandoah project

Navitas Petroleum will invest $900 million in developing the Gulf of Mexico oil reserve.
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