NewzThe Falkland Islands Government announced on Monday the extension of all existing offshore hydrocarbons production licences, for an initial period of five years with a further two optional years at its discretion, and said the decision has “the full support of the UK Government”. The Falkland Islands Government is pleased to announce that it will be extending all existing offshore hydrocarbons production licences, a decision which has the full support of the UK Government. The licences, which are all currently in the exploration term, will be extended for an initial period of five years, with an optional two further years at the discretion of FIG, and subject to satisfactory progress by the licensees against their work programmes.
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