Companies wondering if it’s worth looking for oil


A BP spokesman said the company is reviewing oil-sands projects.

LONDON: A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.

Yet a decade after the discovery of as much as 1.7 billion barrels of crude in surrounding waters, the British overseas territory known for sheep-rearing and tension with Argentina looks as remote as ever.

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