The British propose to extract oil from the Malvinas for 25.5 billion dollars

They plan to do so within 30 years and in the order of 300 million barrels of oil. It is at the world-class Sea Lion field operated by Rockhopper and Navitas.

21 de June de 2024 11:35

The exploitation will be carried out in the waters of the South Atlantic and at approximate depths between 180 and 500 meters.

The data was published yesterday by Mercopress , the unofficial dissemination organ of the kelpers; when they reported that starting this Monday, August 24 and until Monday, August 5, the colonial authorities will open a period of public consultations on environmental matters, prior to the start of hydrocarbon exploitation that will begin next year, the companies Rockhopper and Navitas.

It is for the initial 23 wells of the Sea Lion field. A field that is classified as “world class” due to its volume, with verifiable reserves of 580 million barrels of oil, located 218 kilometers north of the archipelago.

“The development of said hydrocarbon field is located 220 km away. north of the Malvina Islands and involves the drilling of 23 wells and the production of more than 300 million of oil over a period of more than thirty years by means of a Floating Production, Storage and Discharge Platform ship, known in the jargon of the industry, FPSO”; Mercopress said.

At a price of US$85.92 per barrel of Brent oil , according to international publications yesterday ; The 300 million barrels acquire a value of 25,776 million US dollars; We evaluate from Agenda Malvinas .

 

British perseverance vs Argentine negligence

The concession of the oil area in question was acquired by Rockhopper Exploration PCL in 2010. A small company based in London and the Malvinas, which gained international notoriety for its sustained campaign in searching for investors for the exploitation of the field, which they endorsed with certification of real existence of large oil and gas reserves.

After adjusting numbers, in 2020 the company went on the hunt for $1.3 billion, and after several failed partnerships they found Navitas Petroleum . An Israeli investor with initiative and capital, who completed that mass of money to go from exploration to exploitation.

Due to the volume of capital contributions, Návitas today has 65% of the shares in the project, and Rockhopper owns the concession; the remaining 35%.

Beyond business issues, the concrete thing is that after 14 years of insistence, the British colonial government that usurps the Malvinas Islands; It is in the final stages of starting a new stage that will guarantee monumental income, from the increase in the plundering of Argentine wealth and natural resources.

A new step of colonial consolidation that will leave them royalties of no less than 6 billion dollars; and a setback for Argentina that has been consolidating in a timeline of the last 35 years.

 

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