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Falklands Rockhopper set to receive huge sum because of an arbitration with Italy

Falklands oil company, Rockhopper Exploration PLC has agreed with a regulated specialist fund to monetize the arbitration award. The award announced in August 2022 relates to arbitration against Italy involving Ombrina Mare oil field in the Adriatic. (*)

Italy , Republic-of-italy , Samuel-moody , Ministry-of-economic-development , Specialist-fund , Companya-production-concession , Rockhopper-exploration , Energy-charter-treaty-the-award , European-union , Moody , Energy-charter-treaty , Falklands-rockhopper

Falklands Rockhopper claims the oil company is in "its strongest position" — MercoPress

The oil and gas exploration company with interests in the Falkland Islands, Rockhopper Exploration PLC, declared a pretax loss in the six months ended June 30 of US$ 2.6 million, from USD749,000 a year prior, as administrative expenses jumped 40% to 2.1 million pounds.

Houston , Texas , United-states , Israel , Adriatic-sea , Oceans-general- , Oceans , Italy , Italian , Simon-thomson , John-summers , Keith-lough