As Mercopress have reported over recent months, Premier Oil continue to progress their Front End Engineering and Design (FEED) process for the Sea Lion oil discovery. As a next step in this process, earlier this week Premier Oil plc provided details of their intended approach to both procurement and infrastructure to support the discovery to the north of the Falkland Islands.
A convention which has been described as opening up a new era for millions of fishermen worldwide will have some impact on fishermen working in the Falkland Islands' waters. Director of Natural Resources John Barton said that he thought some of the articles of the International Labour Organization (ILO) Work in Fishing Convention 2007 would be enshrined into Falklands licensing conditions make them more robust.
Its acceptance is voluntary at this stage. It provides for formation of Local Content Board, among other steps towards maximising local benefits and opportunities.