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

22 May 24
Rockhopper Exploration announces full-year results for Y/E 31 December 2023
AIM-listed Rockhopper Exploration, the oil and gas exploration and production company with key interests in the North Falkland Basin, has announced its audited results for the year ended 31 December 2023.
22 Jan 24
Falklands: Rockhopper Exploration provides update on Sea Lion Development plan
Rockhopper Exploration has provided an update on the Sea Lion Development plan in the Falklands. Operator Navitas Petroleum is targetting Sea Lion phase 1 Final Investment Decision ('FID') in 2024 and first oil at the end of 2026.
03 May 23
Falklands: Argos Resources announces update on proposed sale of North Falkland Basin interests to JHI Associates
Argos Resources, the Falkland Islands based exploration company focused on the North Falkland Basin, has provided an update on the proposed sale of Argos' PL001 Production Licence interests in the North Falkland Basin to JHI Associates.
23 Mar 23
Falklands/Italy: Rockhopper Exploration announces Sea Lion and other corporate updates
Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin, notes the recent update published by Navitas Petroleum on Sea Lion development progress. Rockhopper has been presented by Navitas a revised development plan and has been provided the associated NSAI Independent Report.
17 Jan 23
Falklands: Borders & Southern Petroleum provides update on its activities in the Falkland Islands
Borders & Southern Petroleum has provided an update on its activities in the Falkland Islands. The Company has designed a phased development concept for its large gas condensate discovery (Darwin), located to the south of the Falkland Islands.

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