MercoPress. South Atlantic News Agency
Falklands' oil industry advances despite the fall in oil prices, according to FT
A recent piece from the Financial Times points to the fact that despite the remoteness of the Falkland Islands, the fall of international oil prices and the ongoing conflict with Argentina, this has not impeded small oil and gas companies from going ahead with exploration, and hopefully before 2020 production, in the Islands waters. Read full article
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Disclaimer & comment rulesAn honest and realistic assessment with which not even “idiot child/payaso/mamarracho/paulcedron” can possible disagree - even if he is more knowledgable than the FT!
Mar 30th, 2015 - 09:27 am - Link - Report abuse 0Can you imagine the complete shambles this project would be in if the Argy nazis were involved? The brent break even price would need to be much higher to pay all the G and C they would be demanding.
Mar 30th, 2015 - 10:24 am - Link - Report abuse 0The stop valve is about to be opened and the black gold will flow at an alarming rate. With the huge investment already made the oil companies are not going to disappear any time soon. We Islanders have always know about the reality of oil and some of us were aware that Argentina had indeed found oil in the early 1970's and they were very close to Falklands waters at the time.
Mar 30th, 2015 - 11:10 am - Link - Report abuse 0So it is not a question of IF but When the oil starts to flow and boy is it going to change the way of life of the Islanders. The population could quadruple in the next 20 years giving the people an even stronger say in the way they choose to go forward.
Certainly looks like some very interesting financial times ahead . But we must never forget that money is not everything but a way of life is and that we must hold onto no matter what.
@ 3 kelperabout
Mar 30th, 2015 - 11:31 am - Link - Report abuse 0Once the oil flows you will really need to keep an eye on the argies, the Vaca Muerta being the “success” it isn't because they will have even less money and less oil than now and the FI will be seen as an 'easy' target.
Ha, ha, ha, they hope!
“Stephen Luxton insists that Falklands conditions are a good deal for oil companies and one of the most generous conditions in the world.”
Mar 30th, 2015 - 12:14 pm - Link - Report abuse 0it seems the big oil companies do not agree with this fatso.
the funny thing is that production was going to start in 2015.
then 2017.
now it is 2020.
next year will be 2025, and so on.
you have to face it.
nobody will invest a shite in that cesspit.
so try to get a job, you parasites.
lol
#5
Mar 30th, 2015 - 01:04 pm - Link - Report abuse 0What, in your beautiful Argentine sea ?
Paulie- as usual facts all arse up like you! Production in 2-15 was a wild guess by someone when the 2010 drilling first started- never a reality with the wellhead design lead time alone!
Mar 30th, 2015 - 01:10 pm - Link - Report abuse 02017 was a potential but slipped due to it not being a massive field and need to redesign dev costs around what is known rather than what might be.
Then last years oil price drops started and commonsense and logic come in - both things well beyond an Argetnine brain capacity!
How is vaca muerta investment coming along?
Doesn't matter when production starts.
Mar 30th, 2015 - 01:11 pm - Link - Report abuse 0Because it will be Falkland Islander oil.
Not Argentine.
Argentine Foreign Minister Jorge Taiana stated in February 2010, 'Buenos Aires would complain to the UN over the oil project and might take the case to the international Courts in the Hague.'
Mar 30th, 2015 - 01:24 pm - Link - Report abuse 0Why's the case taking sooooo l o n g?
Answers on a post card.
@3. We understand. Nothing is 100% certain. As you say, I can't see oil companies continuing to plough money in, if there's 'nothing' there. And it's quite right to build an oil industry infrastructure slowly, with particular consideration for the proper lives of the Islanders and the environment. You can see the need for this when you look across the waves to argieland where it's all 'get rich quick' and then spend, spend, spend. But not on anything worthwhile. We know that the Islands want a deep water port, but what about a railway? A track around each Island and then a north-south and east-west track. Maybe little branch lines. No more trucking goods along dirt roads. A second international airport/RAF station? Domestic helicopter transport system.
Mar 30th, 2015 - 01:58 pm - Link - Report abuse 0We needn't bother with Pablo the Putrid. Impelled by his own 'country's' incompetence, corruption and desperation. Strange that he never refers to the 2012 and 2013 Buenos Aires rail disasters, the state of the brakes in each case, the immediate governmental response of (a) starting a law suit, and (b) calling it a political ploy.
We can see that the Islands is taking proper care. Not thinking, as argies do, that maintenance takes place by some miraculous intervention. Who knows what their cars and trucks are like.
I remember corossing the US-Mexican border once. Amazing. Like stepping back 30 or more years. Huge vehicles belching fumes everywhere. Most vehicles 'clanking'. Huge potholes in the middle of city streets. I guess argieland is much the same.
Pablo is an expert on cesspits since he lives in one. Isn't it curious how, whenever they get the opportunity, argies leave their country?
@7. Don't explain it to him. You need to understand 'the argie way'. First there's 'a plan'. Then they find they can't afford it. They cook up a scam and borrow. Then they find ways to illegally 'reduce' the debt, but still refuse to pay what they owe.
Petroleum prices continue to weaken. Once the Middle East calms down and returns to historical production levels, the market will drop to sub-USD30 prices.
Mar 30th, 2015 - 05:01 pm - Link - Report abuse 0So yes, the immediate future for Falklands petroleum is not lucrative. What we do know however is that the market is cyclical and eventually prices will rise again.
No doubt, Falkland citizens will eventually enjoy the highest income per capita and generous social services greater than even Norway.
As a Chilean, I can't imagine why the islanders would ever dream of wanting to associate with my envious kleptomaniac neighbor that could have easily negotiated and won a percentage of the islands fishing and petroleum rights in 1982. (Prior to the British re-taking the Falklands.)
As I've said, Chileans have greatly benefited by our close relations with the Falklands and we look forward to our relationship to grow even more as the petroleum industry develops.
5'
Mar 30th, 2015 - 06:10 pm - Link - Report abuse 0If its such a crap place, why is CFK and you lot trying to steal it.
@5 idiot child/payaso/mamarracho/paucedron
Mar 30th, 2015 - 07:28 pm - Link - Report abuse 0Just a question to which you don't seem too anxious to reply. If or when Argentina obtains sovereignty of the Falkland Islands will a CT scanner be installed and will a university be established for further education be inaugurated?
gordo tirapedos
Mar 30th, 2015 - 07:35 pm - Link - Report abuse 0out of topic.
try to focus on the subject, fatso.
paulcitron@5
Mar 30th, 2015 - 08:01 pm - Link - Report abuse 0You cannot bring serious debate to any subject without a load of barbed profanities i.e. ref;- fatso to all on here that wish fine recourse in sharing their knowledge and / or experiences. Are these 'fatsos' actually people who have a little meat on their bones and you, underfed, and showing a 'rack-of-ribs' under your torn shirt ?
@14 idiot child/payaso/mamarracho/paulcedron
Mar 30th, 2015 - 08:02 pm - Link - Report abuse 0Talk about monoglot! The only language you seem to know is “soez”!
Gordo,
Mar 30th, 2015 - 08:09 pm - Link - Report abuse 0The correct question is a “functioning CT”...
The machines require constant and costly maintaince like ships, submarines, jet fighters, helicopters ...
Sad...
15
Mar 30th, 2015 - 08:26 pm - Link - Report abuse 0and what the fuck do you have to say about this?
“ idiot child/payaso/mamarracho”
another monoglot perhaps?
or too biased to recognize that it is you lot who insult the whole fucking time?
@18 payaso/Mamarracho/idiot child/paulcedron
Mar 30th, 2015 - 08:31 pm - Link - Report abuse 0It has nothing to do with insults! It has all to do with your choice of words - which are, as I have noted above, invariably “soez”!
paulcedron,
Mar 30th, 2015 - 09:45 pm - Link - Report abuse 0Why are you such an idiot?
Were you born like that or do you have to work on it?
Whatever, l will say though that you're very good at it!
Can you try to post anything without swearing?
Folk might even listen to your point of view if you moderated your language.
Hope this helps.
Swearing without debating makes one side look stupid and the other side left wasting their time.
Mar 30th, 2015 - 10:10 pm - Link - Report abuse 018 should be reminded this is an adult site,
just saying like.
@14
Mar 30th, 2015 - 11:41 pm - Link - Report abuse 0“out of topic.”
Incorrect as usual-whenever you post, CT scanners are in topic, especially as you have one sticking out of your head.
@18
“and what the fuck do you have to say about this?”
Paul has a CT scanner sticking out of his head.
@22
Mar 30th, 2015 - 11:59 pm - Link - Report abuse 0Got to laugh Argentina has filed a complaint about the UK militarizing the FALKLANDS . Jesus Christ do they not know that the UK Parliament has been dissolved? USASUR, OAS, MERCOSUR must be really pissed of with the UK. Just bring it on you knobheads. Laugh a minute in Argentina.
I'm sure the Falkland Islanders are sniggering at Argentina's pathetic wailings...
Mar 31st, 2015 - 12:32 am - Link - Report abuse 020
Mar 31st, 2015 - 01:22 am - Link - Report abuse 0shut up isolda.
you are obsessed with me.
it is getting a bit disturbing.
@25
Mar 31st, 2015 - 02:11 am - Link - Report abuse 0In your dreams.
I expect she has much more important things to do.
You are the one so desperate to save your allowance from mother so that you can visit the Falkland Islands...
I don't see any desire from Isolde to visit your Villa Miseria.
Meanwhile, I am sure she is happily cleaning her hunting rifle.
I would loan her my Father's old Holland & Holland 'over-and-under' pair, but I am sure she has sufficient armanent to deal with a boy like you.
I expect, with a classy flick of her wrist, and a cucumber sandwich tossed in your direction, would be enough to send you scurrying away.
Quite probably, an arched eyebrow and a condescending look from Lady Isolde, would be sufficient to have you quaking in your cheap, squeaky shoes.
Can't be too disturbed as he continually comes back.
Mar 31st, 2015 - 06:36 am - Link - Report abuse 0@26 ilsen,
Mar 31st, 2015 - 09:10 am - Link - Report abuse 0@27 skip,
Thank you for your support, boys.
Hes another escapee from the asylum, but he isn't dangerous.
More to be pitied than laughed at.
@25 paulcedron,
shut it, now, nabolito.
get to your room immediately.
or l will get very cross with you.
And to you, l am Memsahib, not isolda! lol!
Heehee!
Mar 31st, 2015 - 10:09 am - Link - Report abuse 0Paul-citron has been sent to his room where he can keep sucking lemons on his own.
isolda.
Mar 31st, 2015 - 12:41 pm - Link - Report abuse 0memsahib?
mmm...you are suffering from delirium tremens,... again.
i blame the vodka.
Wonka toys,
Mar 31st, 2015 - 07:40 pm - Link - Report abuse 0paulie specialist.
Paulie, you just got 'owned' by Isolde.
Apr 01st, 2015 - 03:46 am - Link - Report abuse 0Just accept it.
You are vastly inferior to this Lady.
hahaha!
PS: momma is shouting in the street for her lost boy. Time to go home, and reconnect your electricity supply from the nearest street-lamp.
As you do.
Keep dreaming about Downton Abbey...
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