Financial submission for developing Falkland Islands' Sea Lion project

Wednesday, July 31st 2019 - 10:58 UTC

Full article 12 comments

Rockhopper Exploration PLC on Tuesday said it has submitted an early information memorandum to potential lenders for the Sea Lion project in the Falkland Islands. Read full article

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RedBaron
Is it my imagination or is the Falklands oil exploration saga one of the longest running O&G projects in the world? I can recall discussions going back to the early 2000's and a mini-climax around 2010 when the test drillings were spiking interest but we are now around 20 years further forward and there are still no barrels being extracted.
Don't get me wrong, I understand this is not easy and I also believe that the general willingness is there but sometimes I think it is all a bit half-hearted on the part of the companies involved and I wonder how much longer it will be before investors see some return for their patience.
Jul 31st, 2019 - 10:21 am - Link - Report abuse 0
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shackleton
Can't see it ever happening frankly - unless oil prices go much higher. The Argies will go ballistic and try to sabotage it, if not by “diplomacy” (UN, etc) then by dynamite..! That must be a consideration for investors.
Jul 31st, 2019 - 11:56 am - Link - Report abuse 0
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Brit Bob
Regarding 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).
Jul 31st, 2019 - 12:52 pm - Link - Report abuse 0
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portman
as fig has inherited the latin american mañana syndrome it has probably missed the boat. i doubt if local investors could raise sufficient funds and inward investment/absentee landords is unwelcome. catch 22.
Jul 31st, 2019 - 01:13 pm - Link - Report abuse 0
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The Barron
England will return the Malvinas within 25 years.
Aug 01st, 2019 - 02:55 am - Link - Report abuse 0
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Brit Bob
The Barron

Argentina confident of Falklands agreement.

Argentine Foreign Minister told Reuters Special Correspondent today that the dispute with Britain could be settled, adding 'the British are gentlemen. I think it will be settled in that spirit.' (The Citizen, 6 April 1948).
Aug 01st, 2019 - 09:12 am - Link - Report abuse 0
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Mike Summers
No where near the longest RB. Take a look at Newfoundland.
Aug 02nd, 2019 - 01:52 pm - Link - Report abuse +2
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RedBaron
With the Canadians now becoming ever more environmentally conscious (drilling in the Arctic Circle, maritime traffic in Baffin Bay and speed restrictions, whale strikes around the coast), I doubt whether Newfoundland will ever be allowed.
At least the Falklands are remoter from many popular considerations but still the environment is (rightly) high on the agenda, so maybe the background noise will not be so loud but the isolation challenges are certainly greater than Canada.
Aug 02nd, 2019 - 03:21 pm - Link - Report abuse 0
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Mike Summers
Newfoundland is in production. It just took about 25 years to get there.
Aug 02nd, 2019 - 06:28 pm - Link - Report abuse +2
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Pab
England will return the Malvinas within 25 years.
Aug 07th, 2019 - 02:38 am - Link - Report abuse 0
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Wyvern
England will return the Malvinas within 25 years.
Aug 09th, 2019 - 01:32 am - Link - Report abuse 0
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RedBaron
England can't return the Malvinas because:

1) England doesn't own or control the Falklands
2) There is no such thing as the Malvinas
3) They can't be returned because they were never in the possession of anyone else but the British.

If you want to believe your own statement and that makes you happy, then please go ahead but please understand that the British will not accede control of the Falkland Islands unless the Islanders themselves want that to happen.
Aug 09th, 2019 - 09:18 am - Link - Report abuse 0
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