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Oil from Falklands 'Commercially Viable'
Daily Telegraph ^ | 17/09/10 | Sean Farrel

Posted on 09/23/2010 3:35:25 PM PDT by sinsofsolarempirefan

The company said a test at its Sea Lion 1 well had produced consistent rates of more than 2,000 barrels of oil a day, as it had hoped.

"Rockhopper is the first company to successfully flow oil to surface in Falkland Islands waters," Pierre Jungels, executive chairman, said. "We believe that Sea Lion is the largest fan sandstone body in the North Falkland Basin and, given this successful flow test, that the Sea Lion discovery will be commercially viable."

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; United Kingdom
KEYWORDS: argentina; falklands; malvinas; oil
Excellent news in a generally downbeat global picture. Any commercially exploitable source of oil that doesn't originate in the Middle East or Russia is a good thing. Hopefully, the Argentinians will get real and provide facilities to aid in the exploitation of these oil fields (and gain economically as a result), but if they don't, we have the means to defend them (and a very good reason for the US to involve themselves from the off if the argies fancy having a go regardless)...
1 posted on 09/23/2010 3:35:26 PM PDT by sinsofsolarempirefan
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To: sinsofsolarempirefan
shame about the britishers deciding to decimate their fleet.

the south american communists will appropriate the capital assets expended for source determination. they will also reclain the territory... maybe take a few hostages...

these stories should be buried with hoffa.

it will be a decade and a horrific war out brfore any of thse resources can be exploited.

think iran.

2 posted on 09/23/2010 3:46:13 PM PDT by mmercier (the village idiot)
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To: sinsofsolarempirefan

I wouldn’t count on Obama to support the UK in the Falklands.

What I don’t think the Europeans realize yet is that with Obama in the White House, they are on their own.


3 posted on 09/23/2010 4:00:22 PM PDT by Cicero (Marcus Tullius.)
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To: Cicero
I wouldn’t count on Obama to support the UK in the Falklands.

Hell,I wouldn't count on the *UK* to support the people of the Falklands.Those folks had better get ready for an Argentine invasion...which Hussein and the UN will declare to be just ducky.

4 posted on 09/23/2010 4:14:23 PM PDT by Gay State Conservative (''I don't regret setting bombs,I feel we didn't do enough.'' ->Bill Ayers,Hussein's mentor,9/11/01)
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To: mmercier

How many of the drilling rigs in the Gulf have already left for the Falklands & Brazil?


5 posted on 09/23/2010 4:26:04 PM PDT by ridesthemiles
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To: sinsofsolarempirefan

Never fear the green-weinies will kill it!


6 posted on 09/23/2010 4:48:18 PM PDT by vpintheak (Love of God, Family and Country has made me an extremist.)
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To: Cicero

Obama will be gone in two years time (not enough time for the argies to come up with a military capable of challenging the Falkland’s garrison.
It would take a phenomenally self-hating US administration to allow a Argentina or a coalition of socialist South American banana republics to wrest control of a major source of oil from key ally such as Britain...


7 posted on 09/23/2010 4:50:30 PM PDT by sinsofsolarempirefan
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To: ridesthemiles
i am guessing few. guessing here..

there have been some (2?) that have moved to proven brazilian finds. those operation's (companies) have no doubt rock solid contractual agreements, paid up front in chinese derived bullion. probably the wildcat danger types that need to get away from epa while the getting is good.

most are sitting this out, realizing few competent men are willing to spend a season in the sunny falklands. with that kritckner (whatever) girl sniffing about like a heated bitch, only the britisher is fool enough to waste the time.

8 posted on 09/23/2010 6:46:13 PM PDT by mmercier (they stand and they fall, then then they do it again)
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