Argentina Files Criminal Charges Over 1.7 Billion-Barrel Falklands Oil Project
Updated
Updated · bbc.co.uk · Sep 8
Argentina Files Criminal Charges Over 1.7 Billion-Barrel Falklands Oil Project
3 articles · Updated · bbc.co.uk · Sep 8
Summary
Argentina said it will file criminal charges against Navitas Petroleum, several subsidiaries and executives over drilling tied to the Sea Lion field off the Falkland Islands.
The government says the work violates Argentine law barring resource exploitation without its approval in waters Buenos Aires claims as sovereign territory.
Navitas holds a 65% stake in Sea Lion, a North Falkland Basin project about 130 miles from the islands and slated to start production in 2028.
Javier Milei had warned days earlier that he would sanction companies drilling there, calling the activity a threat to sovereignty and rejecting the islands' 2013 vote to remain British.
Britain said its Falklands position is unwavering, while Navitas said last week Milei's remarks were not expected to materially affect the project's timetable.