Argentina Targets Navitas Petroleum Operating in Falklands
Argentina has announced that it will file criminal charges against the Israeli‑listed company Navitas Petroleum for operating in the seas off the Falkland Islands.
The decision follows President Javier Milei’s call to sanction oil companies drilling in the British overseas territory. The archipelago remains disputed between Britain and Argentina, a conflict dating back to the 1982 invasion.
Milei reiterated the Argentine claim that “the Malvinas are Argentine, historically and legally” and called drilling a “clear and urgent danger” to sovereignty.
Navitas, which holds a 65% stake in the Sea Lion offshore project, is set to begin production in the North Falkland Basin in 2028. The field, located about 130 miles from the islands, holds an estimated 1.7 billion barrels of oil.
The Argentine government accuses the company of violating a law that bans resource exploitation without approval. “The state will pursue actions to counter any breach of sovereign rights,” a statement read.
Navitas has said Milei’s remarks are unlikely to affect its development timetable and has not yet responded.
Both Navitas and its partner Rockhopper insist their licences are valid under Falkland law. UK officials dismissed the Argentine claims as “unwavering” in their position on the islands.
