Noble Energy, Edison give up on Falkland Islands offshore block

Oil companies Noble Energy and Edison have decided to relinquish their stakes in the PL001 offshore license in the Falkland Islands.

The news was shared on Thursday by Argos Resources, which had held a 100% in the PL001 block before the two companies’ farm-in back in 2015. Argos’ shares fell 30 percent following the announcement

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