Falkland Islands in line for massive oil windfall thanks to multi-billion-pound new drilling venture

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GB News

Falkland Islands in line for massive oil windfall thanks to multi-billion-pound new drilling venture

The Falkland Islands are set to receive a massive oil windfall thanks to a new drilling venture. Drilling at the Sea Lion oilfield will be massively accelerated after a $3billion investment from Israel's Navitas Petroleum. The publicly-traded oil firm has acquired a second production vessel which could pump 125,000 barrels of oil per day. The first output from the vessel is expected by 2030, adding to the planned p…