§ 15. Mr. ShersbyTo ask the Secretary of State for Foreign and Commonwealth Affairs when he last visited the Falkland Islands to discuss arrangements for agreements with Argentina relating to fishing and oil exploration.
§ Mr. Heathcoat-AmoryI visited the Falkland Islands from 12 to 17 November. During my visit, I discussed fisheries and oil with the Falkland Islands Government and elected councillors.
§ Mr. ShersbyIn view of the decision of the Falklands Islands Government to pursue exploration for hydrocarbons in the area of the continental shelf, will my hon. Friend assure the House that as soon as the necessary legislation is forthcoming from the Falkland Islands, it will be followed by a prompt announcement on exclusive licensing arrangements?
§ Mr. Heathcoat-AmoryWe do not yet know whether there is any oil—at least, any oil of commercial quantities—in the Falklands waters. Two seismic surveys are under way and the results will be published in the early part of next year. Meanwhile, the Falkland Islands Government, assisted by us, are drawing up legislation with the prospect of a second exploration round, which may be announced next year.