From MercoPress · · 1m 20s
Halliburton Rules Out Sea Lion Project
Halliburton confirms no involvement in Sea Lion project after Argentina's enforcement threats.
In brief
Halliburton confirms no involvement in Sea Lion project after Argentina's enforcement threats. Halliburton and subsidiaries will not work on the Sea Lion project in the Falklands following Argentina's criminal and civil enforcement warnings. Originally reported by MercoPress.
Halliburton confirms Sea Lion project halt
Halliburton confirmed neither it nor its subsidiaries will work on the Sea Lion project or take part in hydrocarbon exploration in or around the Falklands after Argentina raised criminal and civil enforcement concerns.
“Halliburton rules out Sea Lion after Argentina raised criminal and civil enforcement”
Argentina's enforcement warnings
Argentine Federal Authority raised questions about criminal and civil enforcement of existing legislation pending criminal and civil legislation and existing right-to-contract certification regulations.
“criminal and civil enforcement of existing legislation”
Milei's sovereignty bill
Argentina's government sent a sovereignty bill to Congress on September 18 extending prohibitions to all natural resources on the continental shelf.
“sovereignty bill”
Halliburton's position
Halliburton Argentina stated it respects the sovereignty of the Argentine Republic following the parent company's decision.
“respects the sovereignty of the Argentine Republic”
Project details
Sea Lion project is being developed by Israel's Navitas and Britain's Rockhopper with drilling expected to begin in early 2027.
“Sea Lion”
UK's stance
The United Kingdom maintains Sea Lion activity is legitimate and governed by the archipelago's legislation with no response to its September 15 guidance.
“legitimate and governed by the archipelago's legislation”
Argentina's legal actions
Argentina has 60 administrative proceedings open with no penalty applied and three criminal complaints against ten companies.
“60 administrative proceedings”
The headline
Halliburton and subsidiaries will not work on the Sea Lion project in the Falklands following Argentina's criminal and civil enforcement warnings.
