Yeah, sovereignty, sheep, hearty people and rocks. And a brief war over it all.
Oil and the Falklands - the Saga Continues
Since the brief 1982 war between Argentina and Britain, the issue of sovereignty of the Falklands has lurked beneath the internationals diplomatic surface, an irritant but hardly threatening to reignite a new round of hostilities. Three decades on from that unfortunate confrontation the issue of the Falklands is again roiling Argentinean-British relations over the possibility that the archipelago contains beneath its surrounding waters something of value - oil.
British oil group Rockhopper Exploration has unveiled optimistic plans for a $2 billion oil infrastructure investment in the Falkland Islands announcing on 14 September that it expected to start pumping oil in 2016 from its four licensed Sea Lion concessions totaling 1,500 square miles, with a projected production rate of roughly 120,000 barrels of oil per day by 2018. Rockhopper Exploration said the fifth well in the Sea Lion complex "had found a high quality reservoir package and oil column."
Argentina is not taking the news lightly, declaring its intention following Rockhopper Exploration’s to both file an official complaint against Britain for oil exploration activities in Falklands/Malvinas disputed waters before the United Nations Decolonization Committee along with inviting the U.N. Special Committee of the 24 on Decolonization Chairman Francisco Carrion-Mena of Ecuador to visit Argentina to hold a meeting on the issue in Buenos Aires.
The Falklands now have the dubious distinction of joining the list of contested offshore maritime oil and natural gas concessions spewed by two or more countries.
more...
Oil and the Falklands - the Saga Continues at Oil Price
Maybe not a lot to fight and bicker over but all the same. Could get interesting.
Oil and the Falklands - the Saga Continues
Since the brief 1982 war between Argentina and Britain, the issue of sovereignty of the Falklands has lurked beneath the internationals diplomatic surface, an irritant but hardly threatening to reignite a new round of hostilities. Three decades on from that unfortunate confrontation the issue of the Falklands is again roiling Argentinean-British relations over the possibility that the archipelago contains beneath its surrounding waters something of value - oil.
British oil group Rockhopper Exploration has unveiled optimistic plans for a $2 billion oil infrastructure investment in the Falkland Islands announcing on 14 September that it expected to start pumping oil in 2016 from its four licensed Sea Lion concessions totaling 1,500 square miles, with a projected production rate of roughly 120,000 barrels of oil per day by 2018. Rockhopper Exploration said the fifth well in the Sea Lion complex "had found a high quality reservoir package and oil column."
Argentina is not taking the news lightly, declaring its intention following Rockhopper Exploration’s to both file an official complaint against Britain for oil exploration activities in Falklands/Malvinas disputed waters before the United Nations Decolonization Committee along with inviting the U.N. Special Committee of the 24 on Decolonization Chairman Francisco Carrion-Mena of Ecuador to visit Argentina to hold a meeting on the issue in Buenos Aires.
The Falklands now have the dubious distinction of joining the list of contested offshore maritime oil and natural gas concessions spewed by two or more countries.
more...
Oil and the Falklands - the Saga Continues at Oil Price
Maybe not a lot to fight and bicker over but all the same. Could get interesting.