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Despite Argentina's Threats: Navitas Looking for More Oil in the Falkland Islands

Summary by Globes
Navitas has signed a non-binding memorandum of understanding with JHI, which owns an exploration license adjacent to the Sea Lion reservoir. If another oil reservoir is discovered, it will be possible to connect it to the infrastructure that Navitas is building in the nearby Sea Lion, making it particularly profitable.

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GlobesGlobes
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Despite Argentina's Threats: Navitas Looking for More Oil in the Falkland Islands

Navitas has signed a non-binding memorandum of understanding with JHI, which owns an exploration license adjacent to the Sea Lion reservoir. If another oil reservoir is discovered, it will be possible to connect it to the infrastructure that Navitas is building in the nearby Sea Lion, making it particularly profitable.

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Globes broke the news in on Monday, January 12, 2026.
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