South America / GoM

Falklands flag
Summary | Profile

Country profile: Falklands

Location: Southern South America, islands in the South Atlantic Ocean, east of southern Argentina. includes the two main islands of East and West Falkland and about 200 small islands
Climate: cold marine; strong westerly winds, cloudy, humid; rain occurs on more than half of days in year; average annual rainfall is 24 inches in Stanley; occasional snow all year, except in January and February, but does not accumulate
Terrain: rocky, hilly, mountainous with some boggy, undulating plains
Size: 12173 sq. km total (Land area: 12173 sq. km )
Population: 3,140 (July 2008 est.)
Languages: English
Government: overseas territory of the UK; also claimed by Argentina
Capital city: Stanley
Legal system: English common law
Currency: Falkland pound (FKP)

Country profile

Although first sighted by an English navigator in 1592, the first landing (English) did not occur until almost a century later in 1690, and the first settlement (French) was not established until 1764. The colony was turned over to Spain two years later and the islands have since been the subject of a territorial dispute, first between Britain and Spain, then between Britain and Argentina. The UK asserted its claim to the islands by establishing a naval garrison there in 1833.

Argentina invaded the islands on 2 April 1982. The British responded with an expeditionary force that landed seven weeks later and after fierce fighting forced an Argentine surrender on 14 June 1982.

Energy production and consumption

Oil Gas
Consumption: 240 bbl/day (2005 est.)  
Imports: 227 bbl/day (2005 est.)  
Major fields:

Falklands - recent news

24 Sep 20
Falklands: Borders & Southern announces unaudited results
AIM-listed Borders & Southern Petroleum has announced its unaudited interim financial statements for the six months to 30 June 2020. The Company is still seeking a farmout of its Darwin gas condensate discovery offshore Falklands.
18 Sep 20
Argos Resources announces 2020 interim financial results
AIM-listed Argos Resources, the Falkland Islands based company focused on the North Falkland Basin, has announced its interim financial results for the six months ended 30 June 2020. The Company continues to seek partners to participate in drilling on its Licence in the North Falkland Basin.
30 Apr 20
Falklands: Rockhopper Exploration announces Sea Lion farm-in update
Rockhopper Exploration has provided an update in relation to the previously announced Heads of Terms with Navitas Petroleum to farm into the Sea Lion project in the North Falklands Basin.
19 Mar 20
Falklands: Rockhopper and partners remain committed to Sea Lion farmout despite oil price weakness
Rockhopper reports that, despite the current oil price weakness, the Company, partner Premier Oil and farminee Navitas Petroleum, remain committed to he previously announced farmout of a 30 per cent interest in the Sea Lion project, offshore North Falklands.
07 Jan 20
Falklands: Rockhopper signs Heads of Terms with Navitas to farm-in to Sea Lion
Rockhopper Exploration and Premier Oil have signed a detailed Heads of Terms with Navitas Petroleum to farm in for a 30 per cent interest in the Sea Lion project in the North Falkland Basin. In addition, Rockhopper and Premier have agreed certain amendments to their existing commercial arrangements.

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