Oil

Argentina will sue over Falklands oil exploration

Reuters News
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Posted: Mar 15, 2012 1:49 PM
Argentina will sue over Falklands oil exploration

BUENOS AIRES (Reuters) - Argentina will take legal action against any companies involved in oil exploration in the Falkland Islands, Foreign Minister Hector Timerman said on Thursday.

British explorer Rockhopper has been seeking a partner to invest in the $2 billion Sea Lion project. Borders & Southern and Falkand Oil & Gas are both set to drill wells to the south of the islands later this year.

Timerman, during a news conference, called the activities "illegal" and "illegitimate".

(Reporting by Juliana Castilla; Writing by Luis Andres Henao and Hugh Bronstein; Editing by Bob Burgdorfer)