Recent announcements from Rockhopper PLC and Premier Oil have triggered a reaction from the Argentine foreign ministry.
The announcements relate to referred to Project Sea Lion. The overall strategy to develop and extract oil from the North Falkland Basin remains a phased development solution, referred to as ‘Sea Lion’.
According to Rockhopper’s website:
“Sea Lion has the potential to be transformational for Rockhopper and the Falkland Islands as a whole. The project is at a mature stage of definition and has been substantially de-risked from a technical, cost and schedule perspective. Securing funding is the last remaining major milestone before Sea Lion can reach and all efforts are focused on securing such financing to allow the project to move into the execution phase.”
According to local media here, the Argentine Foreign Ministry claims that the two firms 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.
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.”
Operations are continuing.