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Home | June 2013 Please tell us what you think of this article. Tell a friend Print Friendly

Falklands : FALKLANDS READY FOR OIL
Submitted by Falkland Islands News Network (Juanita Brock) 02.06.2013 (Article Archived on 30.06.2013)


FALKLANDS READY FOR OIL



By J. Brock (FINN)



Anne Drinkwater the Specialist Oil & Gas Advisor for the Falkland Islands Government, has stated that the Falkland Islands are an attractive location for the Oil and Gas industry and has praised FIG’s five year plan which sets the desired economic and social context for development generally.





FALKLANDS READY FOR OIL



 



By J.
Brock (FINN)



 



Anne
Drinkwater the Specialist Oil & Gas Advisor for the Falkland Islands
Government, has stated that the Falkland Islands are an attractive location for
the Oil and Gas industry and has praised FIG’s five year plan which sets the
desired economic and social context for development generally.



 



In a four
page document outlining the Falklands Islands Oil and Gas Development Readiness,
Anne said that “The Falkland Islands have an attractive fiscal regime, with a
government and community keen to do business with the industry.  If progress can be maintained on the items
already identified, and a few potential problems overcome then the industry
will have all it needs to thrive as a valuable member of the Falklands Islands
business and social community.”



 



Highlighting
the good port and related infrastructure plan that FIG has in place, the report
also emphasises FIG’s willingness to work with the industry. However, the
report also highlights a number of challenges ahead, including the need to
prioritise the oil readiness checklist and establish a critical path for these
activities.



 



Jamie
Fotheringham, Head of Policy for the Falkland Islands Government, said of the
report that “Ms Drinkwater’s visit to the
Islands and her insightful observations from an industry perspective are
immensely useful as we continue to implement our oil readiness programme. I
agree that there are some challenges to be overcome, but it is also re-assuring
to hear from an independent expert that we are on the right track in
facilitating and preparing for future oil and gas developments in the Islands”.



 



A copy of
the report is attached to this press release. Copies can be obtained by
contacting the Policy Unit on 28421 or emailing snightingale@sec.gov.fk



 



 

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