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Sunday, November 15, 2026

Argentina asks tribunal to suspend Sea Lion oil drilling

Commodities Thursday, November 12, 2026 - Updated Nov 12, 2026 05:05

Argentina has asked the International Tribunal for the Law of the Sea to order an urgent suspension of drilling at the Sea Lion oil project north of the Falkland Islands, and Rockhopper's chief executive has told the tribunal Buenos Aires threatened him personally with imprisonment.

Why it matters: Sea Lion is expected to double the Falkland Islands' GDP and bring the islands' government £8bn over the field's life, so the tribunal's ruling, expected on November 28, decides whether the project survives Argentina's legal and personal pressure campaign against the companies behind it.

Data as of Single source: The Guardian's report of November 12, 2026, read in full via the estate browser route, based on Rockhopper chief executive Sam Moody's witness statement to the tribunal, unsealed after the Guardian's application; the pressure campaign details are the companies' account as given in their tribunal submissions and are not independently corroborated. Developing item.

Argentina has asked the International Tribunal for the Law of the Sea to order an urgent suspension of drilling at the Sea Lion offshore oil project north of the Falkland Islands, arguing that Britain’s agreement to the project is unlawful while sovereignty over the islands is disputed, and the tribunal is expected to rule on the application on November 28 after two days of hearings in Hamburg this week. In a witness statement unsealed after a Guardian application, Rockhopper Exploration chief executive Sam Moody said Argentina wrote to him and the company’s chief financial officer as recently as September 1, 2026, threatening criminal prosecution, imprisonment and fines under Argentine domestic law, and Britain’s attorney general told the tribunal that a suspension would be terminal to the project’s hopes of success.

Sea Lion, led by Rockhopper and Israel’s Navitas, is expected to double the islands’ GDP and provide an £8bn uplift in revenues for the Falkland Islands government over the field’s active lifetime. Buenos Aires has banned Navitas from operating in Argentina for 20 years and, according to the companies’ tribunal submissions, has pressed contractors and banks to stay away from the project; the US firm Halliburton recently said it would not work on Sea Lion after discussions with Argentina.

Sources

  1. Argentina threatens UK oil firm CEO with jail over Falklands drilling - The Guardian - 2026-11-12