Only further exploratory drilling will allow for a dependable estimate on the size of the reserves of oil and gas in Falkland Islands waters. Initial exploratory drilling was unable to ascertain the level of oil and gas reserves and is unlikely to restart before 2007.
Only further exploratory drilling will allow for a dependable estimate on the size of the reserves of oil and gas in Falkland Islands waters. It is not therefore possible currently to assess the potential contribution to the provision of energy in the UK. Initial exploratory drilling was unable to ascertain the level of oil and gas reserves and is unlikely to restart before 2007.
The Government are committed to the offshore prospecting policy pursued by the Falkland Islands Government.