U.K. to commercialize oil in Falklands without Argentine permission

British oil company Rockhopper announced this week that it has begun evaluating methods to extract oil from a well in the waters surrounding the Falklands Islands which they have been drilling in since last year without permission from the Argentine Government, according to diariouno.com.ar. This is the first time any oil company has officially decided to commercialize oil found near the Falklands. The current well, called Sea Lion, could produce 5508 barrels of oil a day, but Rockhopper plans to expand and drill in other locations around the island. They believe there are 155 million barrels of oil redeemable in the area. Argentina has protested the British oil expeditions, with no response from the U.K. Even with Argentina’s diplomatic support of Falkland sovereignty by Latin America, the U.S. and China, the U.K. says the Islands will remain British and they will drill for oil indefinitely.
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