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Falklands: Premier Oil is asking for export funds to develop Sea Lion, reports Financial Times
The Financial Times is reporting that Premier Oil is negotiating with the UK government about securing export finance to fund just over half of the US$1.5bn investment needed to develop a large oilfield in waters north of the Falkland Islands. If all works out as planned first oil in the Falklands would be in 2021. Read full article
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Disclaimer & comment rulesWhy not ask the Argentine Government for money as they say it is their oil.We could sell it back to them at a premium ( oops I mean discount don't I ? )
Aug 28th, 2017 - 11:11 am - Link - Report abuse +3Falklands Oil
Aug 28th, 2017 - 12:07 pm - Link - Report abuse 0By a ruling of the UN, Argentina will extend its maritime platform (Politica Argentina) ; New map of the maritime platform reaffirms the sovereignty of Malvinas with UN endorsement (ElCronista); Argentina enlarges its territory 35%, with a UN endorsement ...(La Capital).To add to this euphoric atmosphere the Argentine Foreign Minister stated, ''This is a historic opportunity for Argentina. We have taken a great step in the demarcation of the outer limit of our continental shelf; the most extensive boundary of Argentina and our border with humanity,'' Foreign Minister Susana Malcorra told La Nacion, which tomorrow will publicly announce the details of this resolution. (Susana Malcorra, quoted by Dinatale M, La Nacion, Argentina, 27 March 2016).
But what is the truth...
Argentina's Continental Shelf Claims and The UN CLCA Commission (1 page):-
https://www.academia.edu/33898951/Argentinas_Continental_Shelf_Claims_-The_UN_CLCS_Commission
Pete Bog: The truth is that once again the existence of a dispute of sovereignty between the two countries is recognized.
Aug 29th, 2017 - 12:04 pm - Link - Report abuse +1M 1833
Aug 29th, 2017 - 12:23 pm - Link - Report abuse 0Regarding Falklands oil exploration, Argentine Foreign Minister Jorge Taiana stated in February 2010, that his Government would take 'all measures necessary to preserve our rights' and also reiterated that Argentina had a permanent claim' on the islands, saying 'Buenos Aires would complain to the UN over the oil project and might take the case to the International Courts of Justice in the Hague.' (British Drilling For Falklands Oil Threatens Argentine Relations, Pope, F. , 13 Feb 2010 and Potential Drilling off Falkland, Provokes Tension Between Argentina & UK, IRRU News, 17 Feb 2010).
Question. Why is it taking so long?
England will return the Malvinas within 25 years.
Aug 29th, 2017 - 01:32 pm - Link - Report abuse 0@ Sassy
Aug 29th, 2017 - 09:53 pm - Link - Report abuse 0Its equally likely that Argentina won't exist in 25 years - the viable parts (if there are any) might get lucky and break-away. And/or, if Argentina ever gets a rational government it should long lease parts of its enormous (and mostly wasted) territory as “Charter Cities” to foreign interests. Don't get all emotionally attached to all that wasted land which you will never visit - but Argentina can make money out of it. Its no different in principle to renting out your house - writ large..!
What dispute?
Aug 30th, 2017 - 12:25 am - Link - Report abuse 0History tells me that anyone putting anything on the ocean in Argentina will be either taken bey the Argentina government or sunk by the military the same way they sunk the Chinese fishing boat last year, there is no way to fix stupuid.
Sep 01st, 2017 - 06:57 am - Link - Report abuse 0I really cannot see the argument put forward by Argentina . After all they 'stole' the Argentine from an indigenous population. When the British first set foot on the Falklands where was no indigenous population. Their claim seems to be something to do with Papal Bulls, I am afraid the Pope in Rome cannot give territory not owned by Argentina to Argentina
Sep 01st, 2017 - 07:48 pm - Link - Report abuse 0@ Vernya
Sep 02nd, 2017 - 11:10 am - Link - Report abuse +2They will never dare admit it, by IMO their claim is based on nothing more than the concept of “proximity”. On this frivolous (and illegal) basis they extended their claim to South Georgia, etc., in the 1930's (someone correct me if I am wrong) presumably in the hope that Hitler would deliver it to them. S.Georgia was NEVER in the Spanish sphere, but in the Portuguese, as laid down by the Treaty of Tordessilas back in 1494. As far as I am aware the British side have never (or very rarely) brought up this discrepancy whenever Argentine nationalists start banging their noisy drums. IMO Argentina should be repeatedly reminded of this embarrassing contradiction because it implies that the Argentine territorial claim on the Falklands is equally invalid and frivolous.
England will return the Malvinas within 25 years.
Sep 02nd, 2017 - 05:23 pm - Link - Report abuse 0Malvinense 1833
Sep 03rd, 2017 - 01:25 am - Link - Report abuse 0“The truth is that once again the existence of a dispute of sovereignty” Which is absolutely inconsequential as: “there is no obligation in general international law to settle disputes”.
Principles of Public International Law, third edition, 1979 by Ian Brownlie
shackleton
“Their claim is based on nothing more than the concept of “proximity”’
“International Court of Justice (ICJ) in the North Sea continental shelf cases, in which Denmark and the Netherlands based their claim inter alia on the doctrine of proximity, i.e., that the part of the continental shelf closest to the part of the state in question falls automatically under that state's jurisdiction. In these cases the ICJ rejected any contiguity type of approach. As for continuity, it is argued, the 1958 Geneva Convention on the Continental Shelf and Contiguous Zone, Article 1, now contained in the 1982 Law of the Sea Convention, Article 76, does not support the view that coastal states have sovereignty over islands above the continental shelf. On the contrary it laid down doctrine that islands had their own “continental shelves,” p.74
The Falklands/Malvinas Case Breaking the Deadlock in the Anglo-Argentine...
By Roberto C. Laver
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