And then there is the South Basin, which has never been drilled. It is big, and the geological structures look good. A drilling ship is en route from Aberdeen to start a proper search. There was speculation about oil even at the time of the Falklands War, but the islands were too far away in an environment which was too difficult for any company to raise the investment to prospect seriously. Now the price of oil is high, the world’s main oil fields are menaced by political insecurity – whether in the Gulf or Nigeria – and technology is better than ever at extracting black gold, even in the harshest environment.
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