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: 020 7523 8000
Henry Fitzgerald-O'Connor
Liberum Capital (Joint Broker)
Tel: 020 3100 2227
Clayton Bush
Vigo Communications
Tel: 020 7016 9573
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
