In 1998, several companies came to the Falklands on oil exploratory missions, but at the time oil prices were low and it was deemed uneconomic to pursue extraction.
In February 2010 six wells were spudded, and four main companies listed on the London AIM market have all drilled – FOGL, Rockhopper, Desire and Borders & Southern along with a fifth later on – Argos Resources, which is due to have activity later in 2012.
Wilkins Kennedy LLP has a wide-ranging experience of working with both the public and the private sector in the Falkland Islands and overseas. From drilling companies, rigging firms, seismic vessels and fishing companies to aviation and engineering firms, we have the professional know-how and financial skills to support your organisation and to offer professional advice with local financial compliance.
If you are thinking about doing business with the Falkland Islands, whether your business is operating from outside or within the Falkland Islands permanently or temporarily, our professional team can ensure you have the best professional advice to help your business run smoothly.
Working directly with clients or as specialists to their advisers, our highly skilled professional team is on hand to offer: personal and corporate tax advice, tax authority liaison services, legislation compliance, payroll set up and execution, management accounting, audit and assurance, and to advise on all aspects of accountancy and business operations.
For further information, please contact:
Wilkins Kennedy LLP – Falkland Islands
Chartered Accountants and Business Advisers
T: 00 500 22918