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Falklands’ oil reserves “to help British economy”, says Telegraph

Wednesday, December 2nd 2009 - 22:37 UTC
Full article 28 comments
An estimated £ 327 million are being poured into the offshore projects An estimated £ 327 million are being poured into the offshore projects

Under the headline of “Falkland Islands oil reserves 'to help British economy'” the Telegraph points out that four British oil companies are exploring to the north and south of the Islands and that the British financial sector is pouring “around £ 327 million into the offshore projects”.

The article written by Chris Irvine compares scientific estimates of up to 60 billion barrels of oil underneath Falklands’ coastal waters with the world’s largest oilfield, Ghawar in Saudi Arabia which is thought to contain 80 billion barrels and Forties the largest North Sea oilfield with five billion barrels.

The Telegraph quotes statements from David Hudd, chairman of Falkland Islands Holdings and vice-chairman of Falkland Oil and Gas, to The Sun who affirms that benefits of the oilfield “are potentially huge for the companies involved, the Falkland Islands and for Britain”.

It also refers to the sovereignty dispute over the Falklands with Argentina and that earlier this year British Prime Minister reaffirmed “he would not surrender the sovereignty of the Falklands” despite pledges from Argentina’s president Cristina Fernandez de Kirchner.

The four British companies named are Rockhopper Exploration, Desire Petroleum, Falkland Oil and Gas and Borders and Southern Petroleum.

Top Comments

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  • jorge

    Islanders just realized that British in fact don't give a sh*t about the islands so this guy “David Hudd” is trying to get the attention from the british media to say hey!!! we are here don't forget us!!! RIDICULOUS!!!!

    Dec 03rd, 2009 - 01:40 am 0
  • Luis

    I did not saw any word of selfdetermination, inhabitants, nor any pictures of “port stanley”. Only words like oil and a picture of money. Interesting. It reminds me before the invasion of Iraq, when it was all about wmd and al quaeda and then it turns to oil and money.

    Dec 03rd, 2009 - 03:18 am 0
  • khh

    Still talking shit Jorge. You should have a crap because its coming out your mouth again. We Islanders are going to be so bloody ritch. Its so exciting, Not sure what type of mercedes im going to buy first. One things for sure ,I will pay for it unlike you boneheads who never did.

    Dec 03rd, 2009 - 06:43 am 0
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