OIL EXPLORATION


This page: Off-shore oil exploration is a high-tech industry which must be managed carefully to control the risks. Right: Stanley Harbour in the Falkland Islands.


advice on health and safety matters and provides the manpower and expertise to carry out inspections on offshore installations. Additional advice is provided by the U.K. oil industry regulator, the Department of


Energy and Climate Change (DECC), via the Foreign and Commonwealth Office. This outsourcing of technical advice is inevitable given the limited expertise and resources available in the Falklands.


304 | The Parliamentarian | 2011: Issue Four


“Frontier” restraints on production and revenue While initial results have been encouraging, there are still a lot of unknowns to be determined before oil exploration can be deemed commercial in the


Falklands. The Islands’ remoteness means that the cost of logistics is considerable, as would be the cost of transporting any production away from the Islands; therefore the threshold at which a find can be deemed commercial is higher


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