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Can someone explain how Sea Lion can help secure the UK energy supply ?
Surely the Oil, once it is extracted, belongs to Navitas and Rockhopper and they can sell it to whom ever they like.
Maybe, if the UK Govt. helped with funding, they could do so on the condition that they were given first choice on purchase of the oil at market price.
But UK Govt. is not in the business of trading oil ... maybe we should re-nationalise BP ?
SpaceHoppa
You say "however the Whitehall civil service 'Green Blob', and green zealots MP's of all parties would rather we imported energy security from half way around the world, increasing the carbon foot print".
I'd like to point out that the Falklands are more than twice as far from the UK by ship than any of the middle -eastern countries supplying oil.
Https://www.express.co.uk/news/politics/1828598/Rishi-Sunak-Chagos-islands-Falklands-warning
Dprussky
Agreed, a great interview. The thing that struck me most was that they are going to need a hell of lot more money to develop Beetaloo than Empire, Tamboran and Falcon are likely to raise. They need one of the big boys to buy a share.
As wind turbine power is starting to get into trouble, there won't be enough electricity to power all the projected number of EVs and Oil and Gas will be needed for a lot longer than expected.
https://www.oedigital.com/news/508374-wind-power-industry-drifts-off-course
One thing that intrigued me, in this article, was the reference to Tax.
"I have no doubt that in the event of a major oil find, tax revenues should accrue to the UK Exchequer. That seems to me only equitable given the very substantial financial as well as other sacrifices that the UK has made … to secure the freedom of the Falkland Islands (Lamont, Citation1991)."
Does anyone know if this is still true or will tax be decided by the FIG.
If Labour get in, they will try to continue the 'windfall tax'.
Interesting article about Oil development in Falklands.
https://www.tandfonline.com/doi/full/10.1080/00358533.2022.2037235