Buenos Aires has warned that any oil firm that drills in the Falklands/Malvinas cannot bid for a license to exploit the shale oil and gas in Patagonia’s Vaca Muerta field. It has even passed a law threatening fines or imprisonment for individuals who explore the Falklands’ continental shelf without its permission. This has put many big oil companies off, but not of course the British. However, whoever probes the potential wealth beneath the South Atlantic waters will be operating in one of the most challenging environments in the business. It gets somewhat cold and windy down there, and the
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