9th Apr 2015 12:53
LONDON (Alliance News) - Argentinian President Cristina Fernandez Thursday made a threat to take action against UK oil companies if they commence drilling in the Falkland Islands on the same day three companies announced drilling has already begun, reported Sky.
On Thursday, FTSE 250-listed Premier Oil PLC, Rockhopper Exploration PLC and Falkland Oil and Gas Ltd said they had begun drilling the Isobel Deep well as part of the joint venture between the companies, a well that is seen to be highly prospective. The three companies are also involved in the Zebedee well on the islands.
However, in a speech to mark the 33rd anniversary of the Falklands conflict, the Argentinian President threatened the UK companies with court action which could lead to arrest warrants being issued on the grounds of illegally operating in Argentine waters, said Sky.
The dispute comes after the British government announced plans to spend GBP280 million over the next 10 years on renewing and strengthening Falklands forces.
http://news.sky.com/story/1461609/anger-over-argentina-threat-to-uk-oil-firms
By Joshua Warner; [email protected]; @JoshAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
PMO.LRockhopperFOGL.L