RE: Navitas News30 May 2024 18:30
Here's a snippet from page 5, which may be of interest. If I have time I will try and do some more:
Sea Lion
During the period of the report, the partnership continued to operate on several levels for promotion
The development of the project, including:
โช Receiving regulatory approvals from the Falkland government, including for the program
The detailed development.
โช Formulating the financing plan for the project, which may include, among others,
Financing through bond issuance, bank financing and oil traders financing.
โช Locating, negotiating and reaching agreements in connection with the ordering of essential equipment
whose delivery time is long (items lead long) including the production facility
and the storage (FPSO) for the project and the supply of underwater equipment and its installation.
โช Examining the possibility of introducing another partner to the project before or after the deadline
Receiving the final investment decision (FID).