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Sea Lion Field
Proposed oil field in the South Atlantic
Sea Lion Field
Sea Lion Field is an oil field in the South Atlantic Ocean, approximately 220 kilometres (140 mi) north of the Falkland Islands, within the North Falkland Basin. The field is estimated to contain gross recoverable resources of 917 million barrels of oil, making it the largest deepwater oil development in the South Atlantic outside Brazil, and larger than any North Sea oil projects. The project is operated by Navitas Petroleum Development and Production Ltd (NPDP), a UK-registered subsidiary of Israel-based Navitas Petroleum LP, which holds a 65% working interest. UK-listed Rockhopper Exploration plc holds the remaining 35%. The project is expected to last 35 years and generate around £4 billion in revenue for the Falkland Islands, which has a population of just under 3,700. The development has been a source of diplomatic tension. Argentina, which claims sovereignty over the islands, has declared the project "unilateral and illegitimate", and the involvement of an Israeli-owned operator...
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