Oil is key to Falklands’ future

UK military assets in the Falklands region

By Antonio Sampaio, Research Assistant, Survival and the Armed Conflict Database

It has been a busy year for oil and gas exploration around the Falklands Islands, and also a crucial moment for the islanders’ economy. Speaking at the IISS in London, Jan Cheek, member of the Legislative Assembly and Executive Council of the Falkland Islands, explained how the islands’ government is counting on oil revenues to develop and diversify the economy of this remote archipelago. Though the exploratory drilling that had taken place in 2012 had disappointed investors, she described herself as ‘cautiously optimistic about the future’, amid a diplomatic offensive by Argentina to exert its claim over the islands. Read the rest of this entry »

Oil at heart of Falklands dispute

UK military assets in the Falklands region

Argentina has been turning up the heat on its simmering row with the UK over the sovereignty of the Falkland Islands, as the 30th anniversary of the war approaches. In an effort to force the UK to the negotiating table, Cristina Kirchner’s government has persuaded its increasingly powerful Latin American neighbours to speak out in its favour and put pressure on domestic companies to cut off UK trade links. Even Hollywood actor Sean Penn has weighed in. But as the latest Strategic Comment explains, spurring on the dispute are the significant oil reserves that are thought to lie beneath the waters surrounding the islands.

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