Deep water oil off Falklands would be at the absolute screaming edge of technology to profitably extract and take to market. Therefore, it will need access to that technology and an acceptance that it will always be expensive to work. If it comes in it will probably be marginal, high cost oil. Which is why the major oil companies are not there in force.
Not exactly Saudi is it...
Indeed. I just caught the tail end of an interview on R4 yesterday; 391 million barrels (which is what they think is there) is about...er...four days world consumption.