Noble Energy says Falklands’ oil production in six years if exploration well proves successful
Noble Energy Inc. (NBL) executives said on Thursday that oil production in the Falkland Islands could begin in about six years if an exploration well proves to be successful.
Susan Cunningham, senior vice president for exploration, said during a conference call that drilling began on an exploration well in the region late last month, the first that Noble has participated in there under the farm-in agreement it entered with Falkland Oil & Gas Ltd. (FOGL.LN) in August.
If that well results in an oil discovery, Ms. Cunningham said the first production could come by 2018 or early 2019.
Under its agreement, Noble has a 35% operating interest in most of FOGL licenses and agreed to spend 180 million to 230 million dollars on exploration over the next three years. Executives said on the conference call that the Falklands’ venture has the potential to be a “game-changer” for Noble, and that initial results from the well are expected by the end of the year.
Oil exploration in the Falklands has been hindered by sovereignty disputes. Though the archipelago is a British Overseas Territory, Argentina hasn't given up its claim to the Islands. But Ms. Cunningham didn't mention geopolitical risk as a problem for the company.
“We believe that the Falkland Islands is an area where above-ground risk is very manageable,” she said. ”The regulatory environment is sophisticated and stable, and the financial terms are attractive”.
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VATAYON MILITANTE - The Argentine government under Cristina Fernandez de Kircher and The Argentine National penitentiary service, takes inmates out of jail without judicial permission, to attend and participate in political events of Kirchner. The prisoners are paid an “allowance” of $2700 per month for joining this political group. The creation of this Vatayon militante group which are CONVICTED AND INCARCERATED for everything from murderer to armed robbery is becoming the Kirchner government's militant force of the future. If things get rough for Cristina, these prisoners have nothing to lose for defending the Kirchner movement with violence. They also have access to guns and drugs, and prostitues all courtesy of the Kirchner government. The prisoners who are chosen attend these events, is left up to the to the head of the Argentine National Penitentiary Service, Victor Hortel who is a very close ally of Cristina's government He is a former prisoner himself and has very close ties with prison gangs, and has been known to release prisoners at night to go out to steal and even kill, in exchange for drugs, sex and money. Rewarding criminals and prisoners for political purposes, violating all sorts of rules and laws, is proof of the form of government that Argentina is living with and will only get worse in the months and years ahead, especially if Cristina moved forward with her proposal to change the Argentine constitution to allow for her re-re-election for an unlimited amount of presidential terms.
www.youtube.com/watch?v=-7sfYGJobII
www.youtube.com/watch?v=KcmymeZf8jM
So a large US oil company isn't worried by the Argentine noise....hahahahahahaha
Argentina’s objections are being ignored, no way for CFK & Co to hide that fact.
Escalation is the probable response, even then difficult to see how without them doing something really stupid, that gets people killed.
If you have an accident, and it will happen, you will be the only ones involved and would have to pay it high high...... it is illegal exploration
www.huffingtonpost.com/rafael-fernandez-de-castro/wikipedia-seeks-historic-_b_1955336.html
Stolen from whom?
The original French settlers (no they left of their own choice)
The British settlers (no they left of their own choice)
The Spanish settlers (no they left of their own choice)
The Vernet community (no, they were actively encouraged to stay, and did)
The British settlers from 1833 (still there)
So every single civilian population that has every existed on the islands either still remains or voluntarily left...so nothing is stolen from anyone.
In fact the only two forced evictions were in January 1833 and in June 1982...which of these are you referring to.
Pinedo and his crew who had been on the islands for 3 months and already committed murder, mutiny and rape...or the military juntas sorry excuse for an invasion force??
Just as everywhere else in the world, the resources belong to the people that live there.
“suddenly MP is full of good news about oil, that is going to be STOLEN from Malvinassss”
Thanks Monkeymagic for pointing out:
”Stolen from whom?
The original French settlers (no they left of their own choice)
The British settlers (no they left of their own choice)
The Spanish settlers (no they left of their own choice)
The Vernet community (no, they were actively encouraged to stay, and did)
The British settlers from 1833 (still there)
So every single civilian population that has every existed on the islands either still remains or voluntarily left...so nothing is stolen from anyone.
In fact the only two forced evictions were in January 1833 and in June 1982...which of these are you referring to.
Pinedo and his crew who had been on the islands for 3 months and already committed murder, mutiny and rape...or the military juntas sorry excuse for an invasion force??
Just as everywhere else in the world, the resources belong to the people that live there.”
There you go Malen read and enjoy!
(while I get a tractor debogged *embarrassed*).
Wait, wait..... I can hear it too. Pay it no attention and I'm sure it will go away, It's all just backround noise anyway!!
Let me join the list of people extending there congrats to the Falkland Islanders!! Great news for them!!
What in the world is a “vatayon”?
Burro.
Not paying back money Argentinas owe has resulted in a ship the unfree liberty, being impounded in Ghana.
Technically Argentina not paying back its debts is stealing.
Stealing is bad karma.
conservativehome.blogs.com/platform/2012/10/luke-coffey-the-uk-should-confront-argentina-over-its-debt.html
'General Assembly - CPSD/508 - 12/10/2012'
The representative of the United Kingdom has, in turn, exercised its right of reply after the remarks by Venezuela and the Plurinational State of Bolivia. She explained that his country had no doubt about its sovereignty over the Islands “ Falklands ”, South Georgia and South Sandwich Islands. She added that the relationship between the UK and these territories was a modern relationship based on the right of peoples to choose their future. The United Kingdom attaches great importance to the principle of self-determination and allow the people of the Islands “ Falklands ”to decide their political future through a referendum to be held in 2013, she recalled.
Responding to the representative of the United Kingdom, the representative of Argentina reiterated that the islands “Malvinas” South Georgia and the South Sandwich Islands and the surrounding maritime areas are an integral part of Argentine territory. These territories are the subject of a sovereignty dispute and are illegally occupied by the United Kingdom. He urged the United Kingdom to return to the negotiating table with Argentina to find a just and lasting solution to the question of the islands. He denounced all references made by the United Kingdom for a referendum to be held in 2013, calling the approach “action encouraged by the British to whether British citizens wish to remain British.” These areas, which are the subject of a dispute colonial, are illegally occupied by the United Kingdom, concluded the representative.'
www.un.org/News/fr-press/docs/2012/CPSD508.doc.htm
Watch the US television show “ 60 Minutes” ...and you can see what goverment is more corrupted...
The Falkland Islanders all possess more intelligence than you Sussie-hope you are keeping your one brain cell warm.
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