FEED award for SURF and Flexibles

RNS Number : 7221O

Rockhopper Exploration plc

11 February 2016

 

11 February 2016

Rockhopper Exploration plc

("Rockhopper" or the "Company")

FEED award for SURF and Flexibles

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to provide the following update on the Sea Lion development.

Further to the Company's announcement on 13 January 2016, the FEED contract for SURF Transport and Installation has been entered into with Subsea7. In addition, the FEED contract for Flexibles has been awarded to National Oilwell Varco.

It is expected that the SPS FEED contract will be awarded during Q1 2016.

Samuel Moody, CEO, commented:

"The award of FEED for SURF Transport and Installation and Flexibles to such internationally renowned contractors builds on the momentum of the award of the FPSO FEED contract to SBM earlier this year and demonstrates that, despite the low oil price environment, the Sea Lion project continues to move forward."

Enquiries

Rockhopper Exploration plc

Tel: (via Vigo Communications) - 020 7016 9573

Sam Moody - Chief Executive

Fiona MacAulay - Chief Operating Officer

Stewart MacDonald - Chief Financial Officer

Canaccord Genuity Limited (NOMAD and Joint Broker)

Tel: [phone]

Henry Fitzgerald-O'Connor

Liberum Capital (Joint Broker)

Tel: [phone]

Clayton Bush

Vigo Communications

Tel: [phone]

Patrick d'Ancona

Ben Simons

Definitions

FEED      Front End Engineering and Design

SPS         Subsea Production System

SURF      Subsea Umbilicals, Risers and Flowlines

FPSO     Floating Production Storage and Offloading vessel

 

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