Wednesday, December 26th 2012 - 06:53 UTC

Falklands’ share Norway’s oil wealth fund and port infrastructure experience

Though plagued with flu and taking place largely in darkness, the recent visit to Norway by Members of the Legislative Assembly and senior government officials appears to have produced encouraging results and shone some light on possible developments in the Falkland Islands, according to MLA Dick Sawle.

MLA Sawle also visited Hammerfest perpetually dark at this time of the year

MLA Sawle said that the Norway visit had “two strands”. One of these was to study the Norwegian approach to the regulation and development of the oil industry, which was the particular focus of fellow MLA Dr Barry Elsby, and the other, which was of particular relevance to his own portfolio responsibilities was to do with port infrastructure.

Besides MLAs Sawle and Elsby, the Falkland Islands Government delegation consisted of the Director of Mineral Resources Stephen Luxton, Chief Executive Keith Padgett, Financial Secretary Nicola Granger and Director of Central Services Simon Fletcher.

Head of Policy, Jamie Fotheringham, was to have accompanied the group, but was prevented by illness. According to MLA Sawle, nearly every other member of the delegation suffered from flu at some time during the visit.

MLA Sawle told Penguin News that much of the delegation’s time was spent talking to the Norwegian Department of Petroleum and Energy. The aim was to learn how the Norwegian Government had managed oil exploration and oil development and the type of relationships with oil companies that this had demanded.

Also of interest was how the Norwegian Government had managed the wealth which had proceeded from their natural resource. There were, said MLA Sawle, some “very key messages” that emerged from the Norwegian experience; “they had made a few mistakes in the early years and had learned from those. It was important that we got the most we could out of their experience.”

According to MLA Sawle, one of the key things learned was the need for clarity on the part of government in its dealings with oil companies, particularly in the sense of clear legislation, so that the oil companies could know precisely what was required of them, thus avoiding the need for excessive negotiation.

With regard to his Trade and Industry portfolio, MLA Sawle said that it was interesting to observe in Norway how the oil industry had created a ripple effect throughout the economy, with the growth of subsidiary companies. This had already been seen in the Falklands to some extent, but would increase hugely when the phase of oil development arrives.

Referring to the way Norway had managed oil wealth, MLA Sawle said that they realised that any natural resource such as oil was finite therefore it was very important from a budgetary point of view that all those nonrecurring revenues arising from it, should not be spent as they arrived.

The Norwegians had created a Sovereign Wealth Fund, from which a certain percentage each year could be allocated to whatever projects might be considered desirable.

With regard to the particular focus of his own visit, MLA Sawle said that his visit to Hammerfest, which at 70° North is perpetually dark at this time of year, during the Norwegian Winter, had shown that the Norwegians were able to  carry on building port infrastructure all year round.

In Stavanger and Hammerfest, MLA Sawle was encouraged to find that the Norwegians were employing similar port construction techniques to those envisaged for the Falklands.

Conversations with the port authorities were interesting, said MLA Sawle, because although Norway is a very expensive country, the costs of building their ports were a lot lower than some of the “vague” estimates given for port construction in the Falklands.

Finally MLA Sawle said that one lesson from Norway was the need to maintain clear and open communications between government and the community.

To this end, a full report on the Norway visit is being prepared by Stephen Luxton and will be made public. (PN)
 

29 comments Feed

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1 Anglotino (#) Dec 26th, 2012 - 09:05 am Report abuse
Norway is the perfect country to emulate.

And actually considering the climatic similarities, it would also be a great source of guest workers or immigrants.

The cultural differences between Norway and British-derived Islanders are also much less than for many other nationalities. So an easy solution to the labour shortage and low population growth.
2 lsolde (#) Dec 26th, 2012 - 09:44 am Report abuse
Would welcome Norwegians as immigrants.
All the ones that l have ever met are well educated.
3 WestisBest (#) Dec 26th, 2012 - 12:35 pm Report abuse
@1

The climate of the Falklands is not that similar to Norway; Norway is Arctic, the Falklands are temperate (Mind you today you might not think so, bloody hell it's cold).
4 Conqueror (#) Dec 26th, 2012 - 03:32 pm Report abuse
I believe that everyone must express deep gratitude to Norway and the Norwegian authorities. What a contrast. Although argieland has nothing to teach anyone and is a waste of space, see how people over 9,000 miles away responded to a request for guidance. Thank you, Norway.
5 Marcos Alejandro (#) Dec 27th, 2012 - 02:48 am Report abuse
“nearly every other member of the delegation suffered from flu”
The flu or the reality?

clip2net.com/s/2z7BB
6 Anglotino (#) Dec 27th, 2012 - 10:29 am Report abuse
Hey everyone did you see what Marcos Alejandro posted?

This is all the reply that Marcos could muster after reading the article. This is what happens to a person that can't even bring themselves to repeat the lies of the Argentine government any longer.

I guess we should feel sorry for him. Rendered mute by an inability to lie any longer.
7 Joe Bloggs (#) Dec 27th, 2012 - 10:44 am Report abuse
6

Marcos has his own source of personal bitterness towards the Falkland Isands. He lived here once but it didn't work out too well.
8 Anglotino (#) Dec 27th, 2012 - 11:36 am Report abuse
@7 Wow really? Loving the personal histories on here.

It's like I've stumbled across a whole new Smurfville complete with Botox Smurf, Chubby Smurf, Verbose Smurf (available in Canada), Ex-RN Smurf (may be Lying Smurf hard to know) and now Ex-Falklands Smurf.

I hear Looting Smurf has just been released to complete the collection.
9 redpoll (#) Dec 28th, 2012 - 05:10 pm Report abuse
@7 tell us more please Joe
10 Doveoverdover (#) Dec 28th, 2012 - 06:49 pm Report abuse
@8 RN (Retired) Smurf if you must use childish similes. EX-RN is so, well, Jackish.
11 Malvinero1 (#) Dec 28th, 2012 - 08:47 pm Report abuse
This is all the reply that Marcos could muster after reading the article. This is what happens to a person that can't even bring themselves to repeat the lies of the Argentine government any longer.

anglo: AHAHHHHHHHHHHHHHHAHAHA
The Malvinas oil scam:
Proof that Cameron lied over oil find in the Falkland Islands

eyreinternational.wordpress.com/2012/06/21/proof-that-cameron-lied-over-oil-find-in-the-falkland-islands/
AHAHAHAHA pooor deluded ex empire,sinking......AHAHAhAah well time to pay back!
12 Anglotino (#) Dec 28th, 2012 - 10:52 pm Report abuse
Oh wow look. Malvinero1 has referenced a BLOG.

I especially love the line ”The Zionist run New World Order (NWO)“ followed not long after by ”Zionist controlled media“. Let's not forget this one ”various intelligence organisations such as the CIA, MI5/6 and Mossad all of whom control the United Nations and NATO who also form part of the NWO“.

But what I loved most were the amazing grammatical errors such as:
”and it’s Companies history“
”I wish to inform you Sir’s, these”

Also, the almost random capitalisation of many words was quite decorative.

I'm sure the Argentinean embassy in London is beside itself that it is lucky enough to get cc'd into this nutter's emails.

Here's another blog on the same site:
dandare.wordpress.com/

And yes Britain is an ex-Empire. Thanks for highlighting that. Must mean there are no more British colonies then.
13 Malvinero1 (#) Dec 29th, 2012 - 01:17 am Report abuse
Oh wow look. Malvinero1 has referenced a BLOG.

Sure anglotino..Just speaks with the people DOING REAL drilling in the sourh Atlantic. The probabilities are almost...... ZERO!!. cameron and his crooks cronies are milking with the SCAM.....AAHHAHHAHAHAH poor deluded pirates...Anyway,nothing you can do WITHOUT THE CONTINENTAL BASES in Argentina..So you are stuck.little pirate! AHAhahahahaahh
14 Anglotino (#) Dec 29th, 2012 - 05:03 am Report abuse
Haha a blog, I'm still laughing.

Who knew the little ol' Falklands were part of that whole Zionist New World Order. Oh you are a hoot.

So what... no oil. Big deal. Will you leave them alone then? They're still rich.

As for continental bases? Huh? You really think Uruguay won't be happy with the income? I hear there's plenty of land available in the Falklands.

Yes we're all pirates. I'm feeding the parrot on my shoulder right now.

Quite pathetic really. I know how about you throw a few more HAHAHAHAHAs in because that adds so much intellectual depth to your statements.
15 lsolde (#) Dec 29th, 2012 - 09:15 am Report abuse
Malvinero1,
l thought l told you to stay in your padded cell.
l know you like laughing and its good therapy for your condition, but while you're laughing and wriggling around, nursey can't give you your injections.
Hold still or you might get a needle in your eye.
We just want you to rest for a while & not to overtax your poor head.
l won't say brain, in your case.
16 Malvinero1 (#) Dec 29th, 2012 - 02:20 pm Report abuse
Who knew the little ol' Falklands were part of that whole Zionist New World Order. Oh you are a hoot.

So what... no oil. Big deal. Will you leave them alone then? They're still rich.

AHAHAHA poor deluded anglotino..Just speak with people ctually involved in drilling.In the Tierra del fuego area.......The most possibiliies are in Argentina continental....Toward de andes,Mendoza,Neuquen,atc...And that is because the geology..poor deluded ex empire....300 dead,and 3 billions wasted for NOTHING......Poor deluded ex empire...so sick!
Malvinero1,
l thought l told you to stay in your padded cell.
Isolde: MALVINAS ARGENTINAS! Ahahahah DO you need some oil?
Argentina has the 3rd largest reserve in the world..
Which country has the most shale gas reserves outside of the United States and China?

Canada? Nope.

Australia? Wrong again.

According to the U.S. Energy Information Administration (EIA), Argentina ranks third in recoverable shale gas reserves. Argentina has 774 trillion cubic feet (Tcf) of technically recoverable shale gas resources, with more than half of that in the Neuquén Basin on the western side of the country.
www.investmentu.com/2011/October/shale-gas-boom-in-argentina.html
Just go to bed,and dreams with sheeps,isolde,poor deluded ex-empiress
17 Simon68 (#) Dec 29th, 2012 - 04:12 pm Report abuse
16 Malvinero1 (#)
Dec 29th, 2012 - 02:20 pm

The trouble is, Malvinero1, that we don't have the FDI to exploit Vaca Muerta. Neuquén's Gas & Petroleo (G&P) is doing its best, but has only been able to drill ONE well in 2012 and hopes to raise enough Local Direct Investment (LDI) to drill another in 2013. The well drilled in 2012 will raise the production of New Gas (NG) by aproximately 0.003%!!!!!!!

So we're not out of the doldrums yet, by a long way!!!!!
18 Clyde15 (#) Dec 29th, 2012 - 05:55 pm Report abuse
#16
I think you are missing a basic point here. Even if there is no oil in Falklands waters, do you think the Falkland Islanders would wish to have anything to do with Argentina ? I think not !
The money only comes in when the fields are exploited and you will probably be ripped off by your dodgy government.
19 Malvinero1 (#) Dec 29th, 2012 - 07:51 pm Report abuse
I think you are missing a basic point here. Even if there is no oil in Falklands waters, do you think the Falkland Islanders would wish to have anything to do with Argentina ? I think not
We do not care about the opinion of squatters.NOOO body in South America gives a damn about them....They are there only because uk wants them to be there.But unfortunately for them,uk is comming down.USA does not supports them,and Argentina is going up..........
Now think some years ahead....10,20, and the probability that uk is not inside a major conflict,is slim.....So in my opinion,uk will do a better bussiness,if they negotiate something favourable for them now,that they still have an advantage.....The further you strech it,the more probable the negotiation will be against uk.......The logical outcome is uk OUT of the SA... that is not your turf......bye bye uk from the SA......MALVINAS ARGENTINAS!!Malvinas,only 320 NM from Argentina......AHAHAHAHA poor deluded ex empire..
20 lsolde (#) Dec 29th, 2012 - 09:12 pm Report abuse
Good Evening, Malvinero1.
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
ARRRRRRRGGGGGGGGGGGHHHHHHHHHHHHHHHHHHHHHHHHHH
Hope you make some sense out of that. l have tried to reply in your language.
Oh, forgot !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Malvinas no son Argentinas. Argentinos ARE SQUATTERS.
Falklands are British.
See, malvibaby, we can all do it!
21 redpoll (#) Dec 29th, 2012 - 10:36 pm Report abuse
Isolde I think he has thrown his dummy out of the pram AHAHAHA... is just a tantrum cry of distrees for mama to retrieve it for him and stick it in his gob to keep him quiet
22 Anglotino (#) Dec 30th, 2012 - 03:18 am Report abuse
Hmmm so let's break down Malvinero1's posts because he takes a long time to say very little.

He believes:
*Falklands has no oil
=So. It has no oil. Nothing changes. They are still not subsidised. And still British.

*Cameron and others are ripping off people
=So. As long as it isn't you and people aren't rioting then they don't care.

*But if there is oil then the FI can't use Argentinean ports
=So. They'll process it in FI or use Chilean, Uruguayan or Brazilian ports. Money usually overrides lip service.

*Britain is an ex-empire
=Yes it is. It has no colonies now.

*Britain is sinking
=And yet it will still have about 20 million more people than Argentina in 40 years and still have a larger economy. Countries have economic crises all the time-remember Argentina in 1999? They bounced back. All countries do. UK will too.

*Argentina has lots of oil and gas.
=That is awesome news. Congratulations. Now exploit it as you wish.

*No one in South America cares about the Falkland Islanders
=Thank you now can you leave them alone?

*The US doesn't support Britain
=The US is ambivalent. There is a difference.

*The UK's future may entail other conflicts so they should negotiate now
=The UK has the ability to do many things at once as its a developed country. It is relatively declining compared to some countries whereas Argentina is absolutely declining. It is stronger now than it was 30 years ago and Argentina is weaker. The next 30 years will be no different. Argentina will give nothing for the Islands now so there is no difference in waiting.

*The Falklands are only 1,500 kms from Argentina
=Thank you for the geography lesson. Distance does not equate to sovereignty. Hawaii is 4,000 kms from the US mainland. Argentina is 0 kms from Brazil. Lesotho is not South African because it is an enclave.

Please find some new material and facts.
23 Pete Bog (#) Dec 31st, 2012 - 12:28 am Report abuse
@19
“They are there only because uk wants them to be there”

The UK has no say in FI immigration policy.

The Islanders are there because most of the inhabitants were born there or the people that have moved there can hack the conditions, so want to be there.
No one is forced to move to the Falklands, and some people can't hack it and move back to UK.

“Now think some years ahead....10,20, and the probability that uk is not inside a major conflict,is slim.”

Within 10 years time we will have two massive aircraft carriers, the Meteor air to air missile, more T45s, and the F35 V/STOL fighter which means it won't need a runway to operate from.

What massive quantum leap in wealth and technology is Argentina going to use to usurp this then?

“.......The logical outcome is uk OUT of the SA... that is not your turf..”.

Well it is our turf.
Ascension Island, St Helena, Tristan da Cunha, Gough Island, The Falkland Islands, South Georgia and the South Sandwich Islands are in the South Atlantic.
24 British_Kirchnerist (#) Dec 31st, 2012 - 01:41 pm Report abuse
#2 What about Think with his Nordic roots =)
25 redpoll (#) Dec 31st, 2012 - 03:39 pm Report abuse
@24 And what roots have you got,my wee kilty Galloway?
26 British_Kirchnerist (#) Dec 31st, 2012 - 06:57 pm Report abuse
#25 You think I'm Galloway? You think Galloway has time for Mercopress?! I just saw him mentioned on a thread and corrected a missaprehension about him and Saddam, thats all
27 lsolde (#) Dec 31st, 2012 - 07:41 pm Report abuse
@24 & 26, B_K,
Think gives out the impression that he is Swedish, then when pressed he's Danish. Changes to suit the bulls**t that he's waffling.
l suppose there are bad apples in every barrel.
God knows, we've got them!
One thing for sure, he doesn't like the British.
George Galloway has some good points, but he has many bad ones.
We are better off without him.
When it comes to his views on the Falklands, l would consider him to be a traitor.
Traitors are the lowest form of life & should be executed swiftly.
28 Pete Bog (#) Jan 04th, 2013 - 10:00 pm Report abuse
Well, gorgeous George did 'salute Sadam Husseins's indefagatability' which kind of implies he was kissing Sadam's pencil sharpener.

Though perhaps it seems obvious he was crawling to Sadam Hussein perhaps it was really a veiled threat?

www.youtube.com/watch?v=LzWNXEtwHUc
29 redpoll (#) Jan 04th, 2013 - 10:44 pm Report abuse
Oh dear La Capora buring copies of the Sun advert and the Union Jack outside the cruise terminal. What a glorious welcome to thier tourist guests

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