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Navitas' plan to take over all the oil in the northern Malvina Islands

Together with the Canadian company JHI Associates Inc., Navitas plans to acquire 65% of the rights to the PL001 license, a block adjacent to Sea Lion; to extract 1.7 billion barrels of oil.

23 de July de 2026 08:29

The information comes from documentation published by Navitas on February 27, 2026, and from data revealed by JHI.

Many believe the oil conflict is limited to the Sea Lion field. But corporations don't stop there. The annual report reveals that, while Argentine diplomacy celebrated meaningless resolutions at the UN, Navitas carried out a silent and aggressive territorial expansion into new areas of our continental shelf.

The annexation of the PL001 block

From the investigation carried out by Agenda Malvinas on documentation published on February 27, 2026, by the Israeli oil company itself , it can be verified that Navitas signed an agreement with the Canadian company JHI Associates Inc. to keep 65% of the rights of the PL001 license , an exploration block that is next to the Sea Lion field.

 

To gain control and become the operator of that area, Navitas committed to:

What is the "Tie-Back"? (The engineering of dispossession)

Navitas' strategy is extremely astute from a technical standpoint . They're not going to spend money building another floating platform for each new well. Their plan is to use the tie-back technique.

This involves connecting underwater hoses and pipes from newly discovered wells in blocks like PL001 and attaching them directly to Sea Lion's main floating production, storage, and offloading (FPSO) vessel. In this way, they siphon oil from different areas of our sea through a single large floating plant, reducing costs and circumventing Argentine sovereignty in an ever-expanding area.

 

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