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.

FPSO NSAI Central North Falkland Basin Sea Lion Phase Southern Navitas Petroleum Following Harbour Energy Netherland Sewell Rockhopper Exploration Falkland Islands Government Business Developments With Phase Israel Associates