from The Sun
Deepwater drilling may be on hold in US waters, but that is not the case elsewhere. However, drilling in other parts of the world is not free from political tension and intrigue. Of particular interest is a recent discovery well in 450m of water in the North Falkland Basin. From the Buenos Aires Herald:
As President Cristina Fernández de Kirchner prepares to address the UN General Assembly and renew the Argentine claim on the Malvinas Islands sovereignty, British explorer Rockhopper said its controversial oil discovery offshore the islands could have produced double the amount of oil had a test not been besieged by technical problems.
Analysts believe up to 60 BILLION barrels of oil lie in waters off the UK territory.
That estimate would seem to be a considerable stretch (to say the least), but will no doubt complicate the diplomatic challenge facing the UK and Argentina.
Bud's Offshore Energy (BOE) 