South America / GoM
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) |
| Licensing: |
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 | |
| Production: | ||
| Consumption: | 240 bbl/day (2005 est.) | |
| Exports: | ||
| Imports: | 227 bbl/day (2005 est.) | |
| Reserves: | ||
| Major fields: |
Falklands - recent news
| 28 Aug 26 |
Falklands: Borders & Southern Petroleum comments on recent Sea Lion updates AIM-listed Borders & Southern Petroleum, the London based independent oil and gas exploration company with appraisal and exploration assets offshore the Falkland Islands, welcomes the recent news from Navitas and Rockhopper regarding the accelerated development of Sea Lion. |
| 26 Aug 26 |
Falklands: Rockhopper announces Sea Lion independent recoverable reserves and resources evaluation Rockhopper has announced the results from an updated independent technical report conducted by Netherland, Sewell & Associates, Inc. on behalf of Rockhopper on the Company's Sea Lion field. The New Report incorporates the newly accelerated Central Development Area ('CDA') which the Operator intends to develop utilising the OSX-1 FPSO. The increase in resources combined with the acceleration of development at the CDA and updated commodity price assumptions has led to a significant increase of approx. $788 million in the 2P + 2C Net Present Value of the Rockhopper 35% interest in the Sea Lion development. |
| 25 Aug 26 |
Falklands/South Africa: Eco (Atlantic) Oil & Gas notes Navitas update on PL001 North Falklands Licence and Block 1 CBK offshore South Africa Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, notes the recent announcements from its strategic partner Navitas Petroleum regarding assets in the Falkland Islands and South Africa. |
| 24 Aug 26 |
Falklands: Rockhopper Exploration announces Sea Lion update and potential Capital Raise AIM-listed Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin ('NFB'), notes the update published this morning by the operator Navitas Petroleum LP, which holds its interests in the NFB through its indirect subsidiary Navitas Petroleum Development and Production Ltd, on Sea Lion development progress. |
| 03 Jun 26 |
Falklands: Rockhopper Exploration announces Full Year Results for the Y/E 31 December 2025 AIM-listed Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin, has announced its audited results for the year ended 31 December 2025. |
Falklands - more news
Other countries in this region
- Argentina,
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Bolivia,
- Brazil,
- Canada,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Guyana,
- Honduras,
- Jamaica,
- Mexico,
- Nicaragua,
- Panama,
- Paraguay,
- Peru,
- Suriname,
- Trinidad,
- Uruguay,
- USA,
- Venezuela
