Fun times in the Falkland Islands
From the
UK Telegraph:
Drilling for oil to start in Falkland Islands
The inhabitants of the Falkland Islands are preparing for a South Atlantic oil rush which they hope will make them among the richest people in the world.
After 10 years of frustrating delays since oil fields containing up to 60 billion barrels of "black gold" were discovered off the islands, oil companies are planning to start drilling within the next 12 months.
The move follows the conclusion of lengthy, but successful, tests by geologists and significant cash injections by two major oil companies which plan to bring rigs to the islands by as early as autumn.
The companies with licences to drill in the area met in Edinburgh on Friday to brief officials from the Falklands' government on their progress, and preparations are under way in the South Atlantic to ensure that the islands can cope with sudden wealth.
What is a gazillion dollars divided by
3,105...
Not too shabby, especially considering that the oil lies under ground that has never been exposed to the air. Kind of puts a crimp into the whole "vegetative origin of oil" theory...
Posted by DaveH at March 10, 2008 4:26 PM