Falklands : Regeneris Completes Socio-Economic Study of Oil and Gas Development in the Falklands
Submitted by Falkland Islands News Network (Juanita Brock) 21.07.2013 (Article Archived on 18.08.2013)
Regeneris Consulting have proposed a series of recommendations that will be the subject of review within the Falkland Islands Government..
Regeneris Completes Socio-Economic Study of
Oil and Gas Development in the Falklands
Regeneris Consulting have proposed
a series of recommendations that will be the subject of review within the
Falkland Islands Government. A period of
public consultation is also planned, with further details to be announced in
the near future.
Head of Policy for the Falkland
Islands Government, Jamie Fotheringham, said of the report: “The socio-economic
impact study is a significant step forward in our understanding of what the
emerging oil and gas industry might mean for the Islands. It provides a sound
basis for FIG to further develop its oil readiness planning, and I hope it will
also stimulate debate in the community as to what local people and businesses
wish to see in terms of possible changes to Islands life – and what they don’t
want to see”.
One of the key findings of the
report was that the proposed development of the Sea Lion field by Premier Oil,
along with known forthcoming exploration and related infrastructure development
will generate significant employment, development and economic opportunities
for the Falkland Islands over the next 5 years.
Regeneris Consulting were
commissioned by the Falkland Islands Government in November 2012 to carry out a
socio-economic study on hydrocarbons development in the Islands, in order to
inform FIG planning for the emerging oil and gas industry. The study examined the potential impacts of a
number of possible scenarios for oil and gas development in the Islands, and
the possible impacts on population (both temporary and permanent), jobs,
business opportunities, housing and infrastructure.
The report is available to
download from the following link: http://bit.ly/1dqsMhd
Copies of the report can be
obtained by contacting the Policy Unit on 28421 or emailing email@example.com