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Great Britain guaranteed Navitas oil licenses in the Malvinas for 35 years

Extracting oil offshore in a diplomatically sensitive area of the South Atlantic requires decades of planning. No corporation invests billions of dollars if it fears being evicted by the law in the short term. That's why the UK and Navitas signed a long-term impunity pact, which benefits from Argentina's silence.

29 de July de 2026 11:25

This image, taken from Navitas Petroleum's corporate presentation (March 2026, p. 10), displays the technical map of the North Malvinas Basin. It shows the integration of block PL001 (1,125 km²) with the adjacent Sea Lion licenses (PL032, PL033, PL003, PL004, and PL005). The document confirms Navitas as the operator (65%) and details the existence of 1.403 billion barrels of prospective resources distributed across 46 exploration structures in ultra-deep waters.

Note 13B of Navitas' financial report reveals that, following the approval of the development plan in December 2025, the Malvina Islands colonial government granted them an automatic 35-year extension of the production license .

This means that the consortium is guaranteed the right to plunder Argentina's resources uninterruptedly until the 2060s. It is not a temporary exploration project; it is the definitive economic colonization of the basin for more than three decades. 

Drilling under environmental laws from 30 years ago

To accelerate the timeline and begin extracting the first barrel in March 2028 , the oil companies managed to get the illegitimate colonial authorities to allow them to start the drilling campaign under the rules of the obsolete Minerals Ordinance of 1994 .

While they publish detailed "Environmental and Social Impact Assessments" on their websites to clean up their image with investors, in reality they are going to drill into our sea with environmental safety standards from more than three decades ago, maximizing the risk of a spill or ecological disaster that would directly affect the coasts of Argentine Patagonia.

 

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