Kathianne
03-22-2008, 08:40 PM
I'm ready to go:
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/03/09/wfalk109.xml
Drilling for oil to start in Falkland Islands
By Jasper Copping
Last Updated: 12:55am GMT 09/03/2008
The inhabitants of the Falkland Islands are preparing for a South Atlantic oil rush which they hope will make them among the richest people in the world.
A fisherman moors a trawler in the Falklands
The fishing industry has been the largest contributor to the economy of the Falkand Islands
After 10 years of frustrating delays since oil fields containing up to 60 billion barrels of "black gold" were discovered off the islands, oil companies are planning to start drilling within the next 12 months.
The move follows the conclusion of lengthy, but successful, tests by geologists and significant cash injections by two major oil companies which plan to bring rigs to the islands by as early as autumn.
The companies with licences to drill in the area met in Edinburgh on Friday to brief officials from the Falklands' government on their progress, and preparations are under way in the South Atlantic to ensure that the islands can cope with sudden wealth.
The successful extraction of oil could bring billions of pounds to the 3,000 islanders, in a cash bonanza similar to that enjoyed by Gulf states after the development of oil fields there.
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http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/03/09/wfalk109.xml
Drilling for oil to start in Falkland Islands
By Jasper Copping
Last Updated: 12:55am GMT 09/03/2008
The inhabitants of the Falkland Islands are preparing for a South Atlantic oil rush which they hope will make them among the richest people in the world.
A fisherman moors a trawler in the Falklands
The fishing industry has been the largest contributor to the economy of the Falkand Islands
After 10 years of frustrating delays since oil fields containing up to 60 billion barrels of "black gold" were discovered off the islands, oil companies are planning to start drilling within the next 12 months.
The move follows the conclusion of lengthy, but successful, tests by geologists and significant cash injections by two major oil companies which plan to bring rigs to the islands by as early as autumn.
The companies with licences to drill in the area met in Edinburgh on Friday to brief officials from the Falklands' government on their progress, and preparations are under way in the South Atlantic to ensure that the islands can cope with sudden wealth.
The successful extraction of oil could bring billions of pounds to the 3,000 islanders, in a cash bonanza similar to that enjoyed by Gulf states after the development of oil fields there.
advertisement
....