Falklands Oil Project Defended

British Firm Defends Falklands Oil Project Despite Threats From Argentina

British-based oil exploration company, Rockhopper, has defended its offshore oil project near the Falkland Islands against threats by Argentina's president, Javier Milei, who declared the Sea Lion oilfield a "clear and present danger" to his country's claims. Rockhoppers and Israeli partner Navitas are working together on the Sea lion project to extract oil north of the Falklands, which is expected to start delivering oil in 2028. The first phase of development on the project is expected cost around 2.1 billion US dollars (£1.55 billion). The Falkland Island government will take a 9% royalty on revenues from the oil field.

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