Survey says oil in Falklands
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE FALKLAND Islands could be sitting on a multi-billion pound oilfield 50 per cent bigger than the British sector of the North Sea.
Initial studies by the British Geological Survey in a 200-mile exploration zone around the islands show that there is potential to turn the Falklands into one of the world's largest oil producers within about 10 years.
Such wealth would transform the islands and the lives of the 2,120 inhabitants beyond recognition. Families are being sent discussion documents detailing preliminary findings.
A spokesman for the survey said: 'The potential is good . . . But we will not know exactly how much oil is there until someone starts digging.'
Britain has gained pounds 50bn from North Sea oil since 1975 and there is thought to be about 30 years of production left.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments