At peak oil production from the Falkland Islands offshore Sea Lion oil field, Premier Oil is hoping for 85,000 barrels of oil per day. Over 20 years they anticipate 255 million barrels of oil in a medium-case scenario.
Concern over environmental funding for the Falkland Islands following Brexit was once again raised in parliament last week, after Baroness Hooper submitted a question asking the Government “how much, if any, of the funding announced by the Prime Minister for the Darwin Initiative on 23 September will replace EU funding for wildlife in the Falkland Islands and other Overseas Territories?”
The commercialisation of the Sea Lion Oil Field off the Falkland Island’s continues to take steps forward as Premier Oil prepares a detailed project proposal to be submitted to the Falkland Island’s Government (FIG). Premier Oil has been undertaking public consultations in the Falklands over the past week as part of their Environmental Impact Assessment, which will support their application to FIG to proceed with oil development.
”Whale recovery in Falklands’ waters was the subject of an article in Penguin News in October last year. It outlined the Marine Spatial Planning team’s efforts to capture the story of the mammal’s recovery.