Oil discovery in Falklands hailed as biggest of its kind since North Sea oil

An oil field discovery in the Falklands was hailed yesterday as potentially the biggest discovery of its kind since North Sea Oil.

Shares in Rockhopper exploration soared 52 per cent yesterday as the company said it expected to pump out at least 242 million barrels of oil from the 'Sea Lion' well - the expedition's first major oil find.

And some predicted there could be millions more barrels of oil lying untapped in the area - sparking hopes that the region could hold as much oil as the North Sea.

Read more: http://www.dailymail.co.uk/news/worldnews/article-1284171/Oil-discovery-Falklands-hailed-biggest-kind-North-Sea-Oil.html#ixzz0pycZY4vO