Drillers return to the Falklands after two years
After a two-year hiatus, oil drilling is set to return to the Falkland Islands as the region's explorers prepare for a high-stakes campaign
After a two-year hiatus, oil drilling is set to return to the Falkland Islands this month as the region's explorers prepare for a high-stakes 2015 campaign crucial to the Falklands' oil hopes and those companies that have bet big on frontier exploration in the region. Low oil prices have led to industry-wide spending cuts and seen drilling in many parts of the world cut back, but they have not not derailed the Falkland's explorers. At least $300 million will be spent this year to drill at least six wells in waters around the islands. The UK's Premier Oil has the most on the line in the campaign. The company operates four of the planned wells and will spend at least $150m on exploration and
Also in this section
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
