MercoPress. South Atlantic News Agency
Falklands' Premier Oil figures commissioning three FPSOs in next seven years, reports GlobalData
South America, including the Falkland Islands, has the highest number of planned and announced floating production, storage, and offloading units (FPSOs) to be commissioned by 2025, according to a report by GlobalData. World wide 74 planned and announced FPSOs are set to become operational for the outlook period between 2018 and 2025. Read full article
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Disclaimer & comment rulesRegarding 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).
May 12th, 2018 - 09:03 am - Link - Report abuse +2Question, Why is it taking so long?
it remains to be seen whether the snail pace of the falklands has missed the boat or if premier can really attract the US$1.5 billion of investment said to be required to finance the capex for exploitation in today's economic climate.
May 12th, 2018 - 12:34 pm - Link - Report abuse -1Decision by year end.
May 12th, 2018 - 03:18 pm - Link - Report abuse +1We don’t have much longer to wait and see. Then the Malvinistas will know whether to say either, “there is no oil” or “that oil belongs to Argentina.” That will be easier for them than saying both all the time.
May 15th, 2018 - 02:34 pm - Link - Report abuse 0England will return the Malvinas within 25 years.
May 20th, 2018 - 01:14 am - Link - Report abuse 0Commenting for this story is now closed.
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