The recent announcements by Rockhopper PLC and Premier Oil referred to the development of the Sea Lion project in the Falkland Islands, have triggered a reaction from the Argentine foreign ministry.
In effect the ministry recalls that the two companies, together with Argos Resources which holds the adjacent license PL001 to Sea Lion, are operating in the continental platform close to the Malvinas Islands, without the authorization of the Argentine government
The Malvinas, South Georgia and South Sandwich Islands, and the surrounding maritime spaces are an integral part of the Argentine national territory and the object of a sovereignty dispute between Argentina and the United Kingdom, which has been recognized by Resolution 2065 from the United Nations General Assembly.
The hydrocarbons exploration and exploitation activities in the disputed area, without the authorization of the Argentine government, are unilateral actions contrary to International Law, as is reflected in Resolution UN General Assembly 31/49 which calls on both sides of the dispute to abstain from introducing unilateral modifications in the Islands' situation, while negotiations recommended by United Nations are pending.
Thus the Argentine government calls on these companies and other companies to abstain from financing or participating in such activities which are subject to legal administrative and judicial actions under Argentine Law.
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The problem is STINK that Tullow would not trust the Argies to uphold their side of the contract. YPF and Repsol springs to mind, when was that, Oh yes when dear old Cristina was in power. I believe Tullow has some acreage in the FALKLAND ISLANDS.Oct 17th, 2019 - 04:17 pm +2
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).Oct 14th, 2019 - 09:37 am +1
Question. Why is it taking so long? Only one answer...
Anyone operating in British waters with British authority has nothing to fear from Argentina. Argentina is impotent. Pity rather more of its politician's fathers weren't.Oct 14th, 2019 - 10:58 am +1