Yahoo FinanceMay 25, 2026
Navitas’ South Africa Farm‑In and Sea Lion Update Might Change The Case For Investing In Navitas Petroleum Limited Partnership (TASE:NVPT)
In May 2026, Rockhopper Exploration reported that Navitas Petroleum updated progress on the Sea Lion project, including a new FPSO MOU, a relocation of Aoka Mizu upgrade work from the Middle East to Asia adding about US$45 million to the budget, and a Phase 1 first-oil timeline still targeting the first half of 2028. On the same day, Navitas also reported lower first-quarter 2026 earnings and agreed to farm into and operate Block 1 CBK offshore South Africa, underscoring a growing offshore...