Rockhopper Exploration says it is in its ‘strongest position for many years’ in the wake of a successful arbitration case against the Italian government, and a revamped plan for Sea Lion.
A legal battle between the Italian government and Rockhopper Exploration looks set to rumble on for up to two more years, as the former seeks to annul a $190m compensation award.
Rockhopper has received approval from the Italian government for its environmental impact assessment of the Ombrina Mare field development in the Mediterranean.
The move comes on the same day it struck a deal with Beach Energy for the acquisition of a number of assets in Egypt.
