MercoPress. South Atlantic News Agency
Falklands' reveals oil at the Isobel/Elaine project and several adjoining fans
Rockhopper Exploration and Falkland Oil and Gas Ltd have confirmed a significant oil discovery at the Isobel/Elaine project to the north of the Falkland Islands. According to a release from the companies the new 14/20-2 well was a ‘re-drill’ of the prior Isobel Deep well which had to be abandoned prematurely due to operational issues despite encountering oil. Read full article
Comments
Disclaimer & comment rulesGreat news!
Jan 11th, 2016 - 11:31 am - Link - Report abuse 0I wonder what Macri will do now?
Bit too late due to Bug-Eyed Nestor and TMBOA who did everything they could to rob the Falklands and got nowhere.
Best wishes to the Islanders!
2 Questions
Jan 11th, 2016 - 12:36 pm - Link - Report abuse 01./ Is it commercially viable at $30 a barrel?
2./ Where's an update on the lovely container hotel?
Unsure why oil, suddenly now, should never rise in price again!
Jan 11th, 2016 - 01:12 pm - Link - Report abuse 0Viability always comes second to discovery.
The Falklands have discovered oil. They'll exploit it when it is viable.
The biggest guarantee though is that it won't be Argentina exploiting it.
2. You should be much more concerned about YPF. The gov't can't afford to pay U$70 for oil worth =/-U$30/bbl.
Jan 11th, 2016 - 01:17 pm - Link - Report abuse 0Its already worth less than 1/2 of what CFK paid for it and its got a way to fall yet.
It was never a good strategy to trade soy for oil.
Its lose lose
Tell me about it ! Costs me $1,100 to fill up may tank from empty and lasts me a little over a week.
Jan 11th, 2016 - 02:30 pm - Link - Report abuse 0Kirchnerism, the gift that keeps on giving. It will be a long time before we are completely rid of her madness and backyard deals.
Probably decades.
Jan 11th, 2016 - 02:37 pm - Link - Report abuse 0@ 5 Klingon
Jan 11th, 2016 - 06:00 pm - Link - Report abuse -1The way 'you' are going a luxury 'container' hotel might be where you will end up: if you are 'lucky'.
Burning through a tankful in one week! What are you doing, collecting your salted U$D from PdelE?
Very interested to hear the next Macri move on this, does he seriously believe we are in the market for a 'negotiaton'.
Jan 11th, 2016 - 07:28 pm - Link - Report abuse 0@7 I get about 700km on a tank and live in the Provence so that gets used pretty quick.
Jan 11th, 2016 - 08:13 pm - Link - Report abuse 0@8
Jan 11th, 2016 - 08:22 pm - Link - Report abuse 0Don't worry. Mauricio Macri won't move a single finger. Who will say anything about the FI deep water oil exploration at a barrel unit price of U$D 30?
In addition, based on the saudi arabians government officials they will not reduce the oil production during the next years.....
I cannot forget that since the end of the war, year 1982, FI have been promissing invertors and taxpayers “an oil paradise deep in the South”...this was 34 years ago !!!
At this pace the ARA Irizar will sailing again and the FI oil exploration will keep on being a “brilliant future business”.
@2: Why do you keep banging on about “the container hotel”? It was designed and put together for one reason only.
Jan 11th, 2016 - 08:28 pm - Link - Report abuse 0Did you go on about the coastels in Stanley harbour back in the 80s?
10 Pgerman- since when has FI been making such promises then? I live here and I do not recall any such promises made here or overseas!
Jan 11th, 2016 - 09:45 pm - Link - Report abuse 0All I know - as most here do - is that - Never Count Your Chickens until They Hatch - which is why NOBODY here is expecting Oil to come ashore in the near future and loads of money.
All we know is that it may well happen one day - maybe in 3-5yrs depending on what Premiere plan to do as they have a lot of preliminary work already done- or maybe 10-15 yrs.
FI Govt is NOT assuming any Oil Income in its budget plans for the time. Nor is any sensible person here.
So we are all sitting pretty thankyou with sufficient income from offshore fisheries and tourism as well as our own agriculture.
@12
Jan 11th, 2016 - 10:42 pm - Link - Report abuse 0“So we are all sitting pretty thankyou with sufficient income from offshore fisheries and tourism as well as our own agriculture”. Sure you are !!! ...mainly when the british tax payers regularly pay “the bill” of the maintenance of the garrison, jets, warships, submarines....etc. I would be “pretty thankyou” too.
been saying this since the 90s .....jeeees cant believe people are so blind why would uk send an armada to sort out a bunch of Argies ....get on the planet people more soldiers dying because of black gold greed
Jan 11th, 2016 - 10:46 pm - Link - Report abuse 0@13
Jan 11th, 2016 - 11:21 pm - Link - Report abuse 0The thing is we learned in the past that appeasement is much more expensive.
What's more, it's not just the Falklands we have to look after, what with Queen Elizabeth Land and the other islands of the British South Atlantic as well. 4 aeroplanes and 1500 blokesincluding support aren't such a big deal really, considering there'a bout 1.7 million square kilometers to cover, although they're apparently considered sufficient to terrorise an entire continent.
And given that Argentina's track record in the area includes variously piracy, rape, mutiny, murder, blockade, invasions, naval attacks on fishing vessels, airpace violations, interfering with shipping, crashing a hijacked airliner on Stanley race course and taking the first responders hostage, dispatching a howling mob of stone throwers after some harmless TV presenters, pulling a fast one of the Holy Father, desecrating a war memorial, and starting the most fuck-witted war of the 20th century, we could be forgiven for thinking that we're not dealing with nice people behaving responsibly.
@11 I keep on about the container hotel as it was ,is and forever will be a dumb ass short sighted decision.
Jan 12th, 2016 - 01:43 am - Link - Report abuse 0Seriously, Send a boat load of bricks and Paraguayans there for a month and and you would have a decent hotel for less money.
Maybe if you have enough booze there for the guys some of the Sea urchins may get knocked up and bring some new blood line to the Island.
@16: The “container hotel” was built by contractors to the oil companies, not FIG, so perhaps, rather than castigating the Islanders, you ought to take it up with the oil companies themselves if you find it so offensive. It was costing them too much to stay in hotels whilst waiting for transfers to the rigs and back to the UK, so this was seen as the most cost effective way of doing it. All they are paying for is rent of the land now and fuel bills.
Jan 12th, 2016 - 09:23 am - Link - Report abuse 0“Blood line!?” - if we were to believe the argie government, we are all planted here by the UK government, so you needn't worry about that either.
13 Pgerman- Do get your facts correct You are as muddled and burbly as some old names on here years ago!
Jan 12th, 2016 - 09:23 am - Link - Report abuse 0Our Defence costs £100-120 million a year - that is less than 0.5% of the Britrsh Taxpayers total Defence Budget - yes less than one 200th part.
If the Islands were not here - the UK taxpayer would hardly save any of that money at all - there would be no reductions in numbers in British armed forces or kit - they would just be re-deployed elsewhere and still paid,trained, etc etc.
UK taxpayer though would loose:
Value of all UK goods exported to the Islands from UK.
Value of wages paid by Falklands to all those who come and work here from the UK on contract and who remit that money back into UK- that includes all those who work in the offshore oil industry as well. Argentina,s silly policy there is a bonanza for the lads from Aberdeen!
Very good large training area for British forces - being utilised more and more nowadays.
Simple fact is it would make no real difference to the UK taxpayer.
16 Klingon- simple solution to the Accomodation Unit is that if the oil industry now moves away from here for a few years - then the accommodation will also be simply unbolted and shipped away.
That is why it is in a container format!
@16 Klingon,
Jan 12th, 2016 - 12:12 pm - Link - Report abuse 0There are many different nationalities in Falklander's ancestry.
l don't think the mixture has gone stale yet!
@ 13 P German
Jan 12th, 2016 - 02:01 pm - Link - Report abuse 0I have told you before but clearly failed to get the simplest of facts into your dense head but the Falklands are designated for a future 'full field firing area'. This is because large armaments are increasing their range and lethality beyond what is acceptable on an island with the population of the UK.
Perhaps, as your army is down to 35,000, from allegedly 100k just two years ago, and NO SA ammunition, never mind big gun rounds (OOD and therefore potentially lethal to Argentina, not the FI) they could all practice in the local park in Bs As. They wouldn't upset the neighbours because they are used to firearms being fired at all hours of the day and night.
The FI FFFA is intended to allow the largest of armament held by the UK and her allies to be fired within their stated performance without harm to the locals.
Interestingly, all the firing ranges in the UK are well stocked with wildlife to the chagrin to the morons that want the ranges banned because they 'damage wildlife'.
You fit well with those morons.
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