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Montevideo, October 22nd 2021 - 15:19 UTC

Tag: World Oil

  • Tuesday, August 18th 2020 - 15:50 UTC

    Falkland Islands and oil companies new approach to “stranded assets”

    The discovery a decade ago of as much as 1,7 billion barrels of crude offshore the Falklands anticipated the next frontier

    An article in World Oil by Laura Hurst refers to the term “stranded assets” and mentions the case of the Falkland Islands oil industry: the discovery a decade ago of as much as 1,7 billion barrels of crude offshore the British Overseas Territory, and rather than the next frontier, the project to extract energy risks being added to a list of what companies call “stranded assets” that could cost them huge sums to mothball.