Miliband approves Falklands oil field

Foreign secretary Ed Miliband has approved new drilling in the Sea Lion field near the Falkland Islands. The field is estimated to hold one point seven billion barrels of oil.

Production expected from 2028

The Sea Lion field is expected to start producing oil from twenty twenty-eight. Israeli energy company Navitas co-owns the oil field and confirmed the announcement.

Argentina threatens sanctions and charges

Argentina's president Javier Milei said his government will impose sanctions on oil drilling off the Falkland Islands and threatened to file criminal charges against Navitas Petroleum and Rockhopper Exploration.

Milei warns of urgent threat

Milei said the Sea Lion project could begin oil development in coming months. He stated: "If we do not act swiftly, in a few months they will have the material capacity to access the oil…

“If we do not act swiftly, in a few months they will have the material capacity to access the oil that lies underneath our sea”

Conservative attacks Labour's energy hypocrisy

Conservative shadow energy secretary accused Miliband of hypocrisy for approving Falklands drilling while rejecting North Sea projects Jackdaw and Rosebank. He wrote: "The utter hypocrisy of Ed Miliband knows no end."

“The utter hypocrisy of Ed Miliband knows no end”