I would be very surprised if oil recovery in the Falklands is anywhere close to $80 a barrel, assuming the geoligists are right that there's multibillion barrels there, I doubt their economics are based on anything more than $40 a barrel tops. Oil sands are in a completely different league to conventional oil production cost wise.True, bit like oil sands, cos a fortune but with oil prices rising they are economical. Lets be honest here, other than a few dips the overall trend is always going to be upwards so fair game.
The likely environment isn't different to anywhere else that is already producing, particularly as regards climate and water depth (most of which isn't that bad).

