Rockhopper Exploration plc (LSE:RKH) has confirmed it will receive a €31 million insurance payout following the annulment of a prior award in the Ombrina Mare arbitration case. The decision was made by an ad hoc arbitration committee, triggering Rockhopper’s entitlement under an insurance policy specifically tied to the International Centre for Settlement of Investment Disputes (ICSID) proceedings.

The company expects to collect the full insured amount and is actively preparing to file a new arbitration request. Discussions are currently underway to determine the appropriate timing and structure for this next legal step, as Rockhopper continues to pursue compensation related to the halted Ombrina Mare offshore oil development in Italy.

About Rockhopper Exploration

Rockhopper Exploration plc is a UK-based oil and gas exploration company with a strategic focus on the North Falkland Basin. The company’s portfolio includes high-impact exploration and development assets aimed at unlocking long-term value in frontier energy regions. Rockhopper remains committed to advancing its projects while managing legal and regulatory challenges through strategic risk mitigation, including insurance-backed arbitration proceedings.

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