Navitas FI meeting22 Mar 2023 13:30
FALKLAND ISLANDS GOVERNMENT
PRESS STATEMENT
14 March 2022
Navitas Petroleum visit Falkland Islands
From Monday 27 February to Friday 3 March a team from Navitas Petroleum
visited the Falkland Islands to meet with Members of the Legislative
Assembly, the Falkland Islands Government and the Foreign, Commonwealth and
Development Office.
Their visit was to learn more about various aspects of the Islands, the
MLA's Islands Plan, especially in relation to hydrocarbons and the
environment, and to discuss the Sea Lion project after the Navitas farm-in 6
months ago.
Chair of the Legislative Assembly, MLA Leona Roberts said: "We welcomed the
opportunity to meet with the Navitas team to discuss the Sea Lion project.
Our discussions were positive and expressed our Islands Plan commitment to
exploring project plans, in an environmentally conscious way, which could
secure lasting benefit and opportunity for the Falkland Islands. We support
the development of Sea Lion in principle, subject to required formal
approvals, and remain keen and committed to continuing discussions with the
team on how this project could develop. Regulatory approval for the Sea Lion
project to proceed will be considered by ExCo once the project has matured
further. Navitas also held a very successful meeting with members of the
business community at the Chamber of Commerce, in which there was clear
commitment to working with local businesses as the project develops."
Chief Executive, Andy Keeling said "The enthusiasm and can-do approach of
the Navitas Team is very evident, having face to face meetings has been
invaluable. Their commitment to Sea Lion and to working closely with FIG has
been very demonstrable and we look forward to developing this further,
through joint workstreams over the coming months."
Chairman of Navitas Petroleum, Gideon Tadmor commented: "Our team presented
the significant progress made, built on predecessor's high quality work,
towards Sea Lion's Final Investment Decision. FIG's collaborative approach
and support will enable us to accelerate the development of Sea Lion to the
highest practicable technical and environmental standards. Sea Lion is a
win-win opportunity which can multiply and diversify the Islands GDP,
benefiting many generations to come, and furthermore underpin
fiscal-independence and self-determination. We would like to thank the MLAs,
FIG, FCDO, the local business community and all other Falkland Islanders for
their warm hospitality in this unique place."
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