Report and Accounts

The report highlights an updated Sea Lion development plan, with 2C resources increasing to 791mmbbls, initial recovery to 312mmbbls, and cost to first oil reduced to $1.2bn. It describes a three-tranche monetisation arrangement for the Ombrina Mare arbitration award, with completion requiring Falkland Islands Government consent. The company presents an ESG strategy centered on responsible hydrocarbon production and emissions commitments.