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Falkland oil project eyes green light

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An oil project in Falklands Islands is on track to get the go-ahead by the end of this year as the companies involved in the development work to secure $1.5 billion in financing. It’s eight years since Rockhopper Exploration Plc discovered the 220 million-barrel Sea Lion field off the Falkland Islands. A green light for the project would signal renewed confidence in the outlook for the oil industry after a three-year slump in investments due to low prices.

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I am still amazed with the fact that Falklands are British territory

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Europeans stealing the non-renewable resources of far away continents: nothing new under the sun

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Anything could happen by the end of the year, which just started. I'm sure Argentina will have something to say about it. 

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Without agreement with Argentina, I think that the supply route to oil field equipment and services will be stretched across the Atlantic, making the operating cost excessive. This development is uneconomic and not feasible.

 

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Falkland's oil won't compensate for Brexit

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