Oil explorer Rockhopper reveals Falklands discovery

6th May 2010, Comments 0 comments

British oil and gas exploring company Rockhopper announced Thursday that it has discovered crude oil in a deep well off the coast of the Falkland Islands.

"We are extremely excited by the results of this well," Rockhopper managing director Samuel Moody said in a statement.

He added: "We will now focus on analysing in more detail the data gathered from the well."

Rockhopper said well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres.

The Falklands lie 450 kilometers (280 miles) off the South American Atlantic coast, while Argentina and Britain went to war over them, known in Argentina as the Malvinas, in 1982.

Britain successfully reclaimed the islands following an Argentine military invasion, but Buenos Aires has never abandoned its ownership claim and has raised its affirmations of sovereignty amid the prospect of a major oil find.

© 2010 AFP

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