MercoPress. South Atlantic News Agency
Falklands' Sea Lion oil field development “break-even price is US$ 45/bbl”
Rockhopper Exploration has issued an update on planning for Phase 1 of the Sea Lion oil field development in the offshore North Falkland basin. Operator Premier's latest estimate of capex to first oil is US$1.5 billion, with life of field costs (capex, opex, and lease) of around US$35/bbl for Phase 1. Read full article
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Disclaimer & comment rulesBut...Argentine Foreign Minister Jorge Taiana stated in February 2010, that his Government would take 'all measures necessary to preserve our rights' and also reiterated that Argentina had a 'permanent claim' on the islands, saying 'Buenos Aires would complain to the UN over the oil project and might take the case to the International Courts of Justice in the Hague.
Dec 23rd, 2016 - 10:11 am - Link - Report abuse +1Nothing yet, I wonder why?
Falklands – Territorial Waters: https://www.academia.edu/10574593/Falklands_Islands_Territorial_Waters
@Brit Bob - because they know that they haven't got a snowball's chance in hell of winning at the ICJ
Dec 23rd, 2016 - 06:46 pm - Link - Report abuse 0Commenting for this story is now closed.
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