RE: Daily telegraph falklands risks row with uk over oil field28 Sep 2024 08:32
In whole a positive for the falklands
The Sea Lion field is likely to be highly profitable because it lies in waters that are relatively easy to exploit, being only around 500 metres deep. The field itself lies under another 2,000 metres of rock, also considered easy to reach using modern drilling technology.
It means the oil could be extracted for as little as $25-$30 a barrel – significantly cheaper than most North Sea oil fields, according to Rockhopper.
The field will also last much longer than almost any of those in UK waters, raising the possibility that the UK may one day be importing Falklands oil to power vehicles and for raw materials.