Falklands 2014 oil industry major focus: how to develop the Sea Lion discovery

Thursday, January 2nd 2014 - 18:21 UTC

Full article 6 comments

After a busy 2011 and 2012, 2013 was a relatively quiet year for exploration around the Falkland Islands in the South Atlantic Ocean. The various companies involved in the region's nascent oil and gas industry preferred to spend the year focusing on seismic data acquisition campaigns and consolidating some of their assets. Read full article

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RICO
So it is expected to produce the equivalent of 25 barrels per day per Islander for a period of 14 years.
Jan 02nd, 2014 - 06:53 pm - Link - Report abuse 0
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Evil Colonialist Pirate
@1 Current crude price = roughly US$98/barrel.

98 x 25 = US$2450/islander/day.

2450 x 365 = US$894,250/islander/year

894,250 x 14 = US$12,519,500/islander over 14 years.

If I were an Islander, I'd take that.
Jan 02nd, 2014 - 07:34 pm - Link - Report abuse 0
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golfcronie
I think you will find that the oil companies extracting the oil would possibly get a20% of the oil recovered, after all they are the ones investing, but nevertheless the Islanders are on to a sure thing.
Jan 02nd, 2014 - 08:37 pm - Link - Report abuse 0
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Lord Ton
New Year forcast - http://falklandsnews.wordpress.com/2014/01/02/happy-new-year/
Jan 02nd, 2014 - 11:57 pm - Link - Report abuse 0
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Conqueror
@1 Not exactly your business, is it?
Jan 03rd, 2014 - 01:32 pm - Link - Report abuse 0
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Jack Bauer
it's just a matter of time before their neighbour Cristina turns her greedy beady eyes their way..again...hope the Brits don't budge and tell her where to go !
Jan 03rd, 2014 - 03:53 pm - Link - Report abuse 0
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