Desire Falkland Oil Find May Fan U.K., Argentina Feud
This article is for subscribers only.
Desire Petroleum Plc, the U.K. energy explorer, said a well off the Falkland Islands made the region’s second discovery this year, threatening to reignite a diplomatic dispute between the U.K. and Argentina.
In May, Rockhopper Exploration Plc made the first potentially commercial find around the South American islands 8,000 miles from the U.K. that Prime Minister Margaret Thatcher went to war to defend in 1982. Argentina still claims sovereignty and is protesting the drilling by forbidding vessels to load cargo at its ports, while the Falkland Islands has said no Argentine company will be given a license there.