Argentina has launched a criminal investigation into executives of two companies involved in oil exploration near the Falkland Islands, intensifying tensions over the disputed territory. The probe targets leaders of Rockhopper Exploration, a British firm, and Navitas, an Israeli company, both engaged in drilling operations at the Sea Lion oil field, which holds an estimated 1.7 billion barrels of oil.
The investigation was initiated by Argentine authorities on allegations of illegal activities linked to offshore drilling, including violations of national law, environmental harm, and money laundering. Prosecutor Carlos Stornelli is leading the inquiry, focusing on potential breaches of Law 26.659, known as the “Pino Solanas Law,” which prohibits oil exploration within Argentina’s claimed continental shelf around the Falklands. Judicial sources indicated that some of the offenses under review carry penalties ranging up to 20 years in prison, alongside possible financial sanctions.
The Argentine investigation specifically aims to identify the executives and shareholders of Desire Petroleum, a British company owned by Rockhopper, which was mentioned in Stornelli’s formal ruling. A judicial official in Buenos Aires emphasized that it is corporate leaders, rather than individual workers, who face legal exposure. The inquiry follows earlier statements by Argentine President Javier Milei, who reaffirmed his government’s intention to impose sanctions on foreign oil companies operating near the islands, asserting Argentina’s sovereignty claims. In a recent press conference, Milei highlighted Argentina’s strategic geographic importance and economic prospects, contrasting them with what he described as the United Kingdom’s multiple challenges, including migration and economic difficulties.
The British government responded by reaffirming its stance that Argentina has no legal jurisdiction over the Falkland Islands or related activities. A statement issued by British authorities underscored support for legitimate business operations in the islands and cautioned companies about any correspondence from Argentine officials. The UK government maintains that Argentine domestic laws do not apply to the Falkland Islands or to companies and individuals conducting business there.
Navitas stated that its operations comply with Falkland Islands regulations and receive full authorization from the local government and the UK. Rockhopper declined to comment on the investigation.
The Sea Lion field is one of the largest untapped oil reserves in British waters, making it a focal point of longstanding sovereignty disputes between Argentina and the United Kingdom over the islands, which Buenos Aires refers to as the Malvinas. The recent legal actions reflect ongoing political and legal efforts by Argentina to assert control over natural resources in the region, despite British opposition.