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Falklands' government announces updated version of Oil Readiness Checklist

Tuesday, November 5th 2013 - 01:24 UTC
Full article 24 comments

The Falkland Islands Government has announced that an updated version of the FIG Oil Readiness Checklist is now available online. The checklist refers to key areas from the FIG ongoing program for the development of the hydrocarbons industry as it grows into a production phase. Read full article

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  • Anglotino

    Good governance creates its own rewards.

    Will the future see South America's richest country in the Falklands next to one of its poorest, Argentina?

    What is the shortest distance in a boat an economic refugee has to travel to the Islands?

    Nov 05th, 2013 - 02:00 am - Link - Report abuse 0
  • Marcos Alejandro

    I like page 3 of 12

    “No progress made” :-)))

    Nov 05th, 2013 - 04:03 am - Link - Report abuse 0
  • Lord Ton

    Was it describing Argentina Marv ??

    Nov 05th, 2013 - 04:43 am - Link - Report abuse 0
  • Marcos Alejandro

    No Roger, they were describing your archery accuracy :-)

    Nov 05th, 2013 - 04:53 am - Link - Report abuse 0
  • Orbit

    @2 It's called telling the truth or saying it like it is. A crucial ingredient for transparent governance. Concepts that are unfamiliar to Argentine citizens under current leadership and scare you.

    Nov 05th, 2013 - 08:49 am - Link - Report abuse 0
  • Lord Ton

    Haven't done archery for years Marv - do try to keep up :-)

    Nov 05th, 2013 - 10:19 am - Link - Report abuse 0
  • Falkland Islands

    @2 it is going to happen, and there is nothing you can do about it!

    Nov 05th, 2013 - 10:28 am - Link - Report abuse 0
  • Monty69

    2 Marcos Alejandro

    I don't know what you're grinning about. The whole document shows preparations moving along very nicely.
    The only exception that leaps out is a lag in updating the planning regulations and structure plan, but that will get back on track with the new planning guy in post.
    Quite impressed actually.

    Nov 05th, 2013 - 10:59 am - Link - Report abuse 0
  • Conqueror

    @2, 4. Dumb cluck. Can you tell us whether YPF has anything like it? Oh, I forgot, YPF doesn't even have the capability to drill a well. “Government” control of YPF is SO successful. How many cargoes of LNG has YPF contracted for? Shouldn't it be drilling holes in the ground, refining the stuff and DELIVERING it?

    Nov 05th, 2013 - 01:02 pm - Link - Report abuse 0
  • Vestige

    Pages 8 and 9 ... earliest production 2019
    lololol

    Nov 05th, 2013 - 02:55 pm - Link - Report abuse 0
  • A_Voice

    Check...✔
    Check...✔
    Oil.....✘
    What happens if cheaper less difficult to extract reserves are found by these companies..?
    No production..no tax..no revenue..
    What happens if the big oil importers like the US and China start utilising shale oil....wait a minute...the US already have..

    Nov 05th, 2013 - 03:29 pm - Link - Report abuse 0
  • googer62

    Well you see A_Voice, old buddy, whilst it would be a bit disappointing we are not counting our chickens before they are hatched or overspending and going into debt on the strength of possible oil as we know full well things could get delayed etc. Even without oil our economy is strong enough for us to potter along - and the oil will still be there - whether it's two, twenty or two hundred years time - they will be back :-)

    Nov 05th, 2013 - 04:04 pm - Link - Report abuse 0
  • Think

    (8) Monty96
    You say (to Mr. Marcos Alejandro)...:
    “I don't know what you're grinning about. The whole document shows preparations moving along very nicely.”
    I say...:
    “I don't know what Mr. Marcos Alejandro is grinning at, but I'm chuckling at that ”Chrismas Wishes list“ written by some well paid English superheads.....
    Only ”New” development seems to be that first oil production has been, yet again, moved one more year in the future.....
    It's now 2019.......... earliest.

    (11) A_Voice
    You ask...:
    “What happens if cheaper less difficult to extract reserves are found by these companies..?” (Or if Oil goes under their “magical” 80U$S a barrel break even price)
    I say....:
    Well............. I guess it will happen the same as it is currently happening with Barrick Gold in Argentina.....

    Nov 05th, 2013 - 06:28 pm - Link - Report abuse 0
  • Monty69

    13 Think
    Personally, I don't care whether oil is produced or not.
    On balance, probably rather not.
    I'm quite happy for us to keep balancing the books (more or less) and living within our means.

    Nov 05th, 2013 - 07:54 pm - Link - Report abuse 0
  • Think

    (14) Monty96
    That's a Camp girl!
    Mr. M is a lucky man.....

    Nov 05th, 2013 - 08:56 pm - Link - Report abuse 0
  • Anglotino

    God you have to laugh at who exactly has delusions on here!

    FIG publishes a document QUARTERLY, the latest of which openly and frankly admits a delay in its previous forecasts and up pop turnips left right and centre: Think, Marcos, A_Voice and Vestige.

    The Argentine government publishes an inflation rate and growth rates MONTHLY which are clearly false and unbelievable and yet they are strangely silent.

    The cost of a delay in oil exports for the Falkland Islanders - a delay in taxes and duties and employment prospects.

    The cost of lying about inflation and growth rates in Argentina - increased debt repayments on one hand (transfer of wealth out of Argentina) and massive dislocation of resources by businesses and consumers that is actually compounding year upon year – result is intergenerational wealth destruction.

    LOL! Keep it up guys! Keep FIG honest - they may even find the money to issue you all with fiddles and fire retardant clothing.

    Nov 05th, 2013 - 09:34 pm - Link - Report abuse 0
  • A_Voice

    Who is deluding whom?
    The Falklands dependency.....
    Pre 1982.GDP......sheep
    Post 1882.....fisheries...tourism
    What's the difference....More than half of all the tourists are from the UK
    The fisheries licenses were only able to be enforced by the RN...also brings services and supplies for the fishing boats.
    Jobs and services to the UK defence....
    Islanders GDP is based on the benevolence of the UK taxpayer and UK....
    .....The Falklands Dependency.....
    Are the UK taxpayers aware that the islanders may have a higher GDP per capita than themselves based on UK tax.....
    ...funny old world isn't it......

    Nov 05th, 2013 - 11:44 pm - Link - Report abuse 0
  • Anglotino

    I'm guessing you'll make a point eventually and it won't include transparent governance.

    Nov 06th, 2013 - 12:28 am - Link - Report abuse 0
  • A_Voice

    How you doin Skip...;-)
    I would have thought the point was obvious.....@12 and 14.....
    The Falklands GDP only exists with the support of the UK without them they would be back to the sheep.....
    I'm still trying to work out what your point was....the article is not about transparency it's about a progress checklist...
    So you harping about lying and growth rates in Argentina....seemed somehow an elephant whoops...irrelevant....

    Nov 06th, 2013 - 12:39 am - Link - Report abuse 0
  • Monty69

    19 A_Voice

    “The Falklands GDP only exists with the support of the UK”.
    No it doesn't. The fishery is patrolled by fisheries patrol vessels. Some of the tourists may be British taxpayers, but that's not why they come. All the tourists are taxpayers somewhere. Some of them are even Argentine taxpayers (assuming anyone actually pays taxes in Argentina). Anyway, good of them to support us.
    MPA hardly employs any resident Falkland Islanders and doesn't buy local goods and services in high volumes.

    Nov 06th, 2013 - 01:00 am - Link - Report abuse 0
  • A_Voice

    20
    Say what!

    straight from the horses mouth......

    .....The Falklands are defended by British warships, planes and submarines, giving the fisheries agency considerable muscle to enforce licenses in its waters.

    “What made it possible to sell fishing licences was the ability to police Falklands territorial waters, thanks to the permanent presence of Britain's Royal Navy, explained John Barton. The Falklands do have one patrol boat alert to possible licence violations by foreign fishing boats, but the deeper deterrent is the knowledge the foreign fleets have that, in a crisis, a British warship will come to the rescue. ”The war transformed the Falklands because we suddenly had physical security, political stability,“ he said. ”Fishing funds our economy and the linchpin is the military protection of the UK.”

    that's pretty much what I said.....

    Nov 06th, 2013 - 01:30 am - Link - Report abuse 0
  • Monty69

    21 A_Voice

    Well that's certainly an opinion. It also goes some way to explaining why the Argentine fishery is such a shambles.

    Nov 06th, 2013 - 02:29 am - Link - Report abuse 0
  • Anglotino

    Ok let’s break this down because for some reason these facts are important:

    “Pre 1982.GDP..sheep”
    People like to eat lamb!

    “Post 1982...fisheries..tourism”
    People like to eat fish and go on holidays!

    “More than half of all the tourists are from the UK”
    Domestic tourism is considered a good economic activity – just ask Argentina.

    “The fisheries licenses were only able to be enforced by the RN”
    A legitimate activity of National navies all around the world.

    “also brings services and supplies for the fishing boats.”
    A domestic economic activity has been created. Sounds normal to me.

    “Jobs and services to the UK defence”
    A domestic economic activity has been created. Still sounds normal to me.

    “Islanders GDP is based on the benevolence of the UK taxpayer and UK”
    I pay taxes and yet my 4 year old nephew and my retired neighbour don’t. Every economy allocates spending differently to where it receives income.

    “Are the UK taxpayers aware that the islanders may have a higher GDP per capita than themselves based on UK tax”
    Perhaps they are and perhaps they are not.
    However if you were able to put together the puzzle to come up with this answer then I would have to assume that such a deduction is not that difficult.

    “The Falklands GDP only exists with the support of the UK without them they would be back to the sheep”
    Every single country on the planet has regions that receive more financial support than others. How very normal of the UK.

    “I'm still trying to work out what your point was..the article is not about transparency it's about a progress checklist”
    Of course you are still trying to work out my point. If a progress checklist is not being transparent then what is it?

    Secretive?

    Harping? Thanks for the laugh.

    Seems highlighting contradictive behaviour is now harping. Then I shall continue to harp away!

    One thing is certain, it is sure easy to find out all economic data concerning the Falkland Islands. Sounds awfully transparent to me.

    Nov 06th, 2013 - 04:18 am - Link - Report abuse 0
  • Pete Bog

    @17
    “Are the UK taxpayers aware that the islanders may have a higher GDP per capita than themselves based on UK tax.....”

    Yes I am aware of that.
    The fact that FIG runs the Falkland Islands better than HMG runs the UK does not mean I am against the Falkland Islanders better standard of living because apart from the cost of defence(=Argentina's fault-no one else to blame there), the Falkland Islands does not sponge money off the UK taxpayer in the same way that Argentina sponges money off anyone stupid enough to lend it money,and doesn't pay it back.

    As a UK taxpayer I would prefer HMG to reclaim the money that Argentina owes it, rather than sting the Islanders as they buy a lot of their goods from the UK-which means money will end up in the treasury through taxes.

    Nov 08th, 2013 - 08:26 pm - Link - Report abuse 0

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