Thread Tools Search this Thread
Old 31 March 2006, 09:12   #11
Country: Other
Town: Stanley, Falkland Is
Boat name: Seawolf
Make: Osprey Vipermax 5.8
Length: 5m +
Engine: Etec 150
Join Date: Mar 2006
Posts: 3,704
Originally Posted by Alice
As a point of interest Stephen, what are the main sources of income down there? Presumably the export of fish or some other commodity must be the only way to generate sufficient income to keep the place going. Or, dare I say it, is HM Government still sliding back-handers out the backdoor?
We are completely self sufficient except for defence which of course is provided by HM forces. HMG doesn't provide any funding for local government.

Fishing is the main source of income to the Government (mostly Illex and Loligo squid but some finfish such as hake, hoki, blue whiting etc), tourism brings a fair bit in, also philately (Falklands stamps are quite sought after), customs and harbour dues for trans-shipping fishing boats, sheep farming is the main rural industry though that doesn't produce much money nowadays, growing level of meat exports to the EU, various other little things here and there bring in some money.

Oil is not yet a major contributor as none has been found but there is a lot of exploration going on - one of my jobs is as local agent for Falkland Oil & Gas Ltd and we are just about finishing a 25,000 km 2D seismic survey, which anybody who knows about oil exploration will appreciate is a #kin big survey! First drilling in our acreage expected in about 2 years time. Our bit of acreage is about 80,000 square kilometres so could comfortably fit all the North Sea oilfields in with room to spare unrisked reservoir potential (note use of the word "unrisked"!) is ~40 billion barrels in our acreage alone so there could be a bit of cash swilling around if there is oil there....

BogMonster is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 06:25.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.