The Falklands Islands government has extended the term of Argos Resources’ offshore license PL001 by 18 months, giving the company time to find a partner and drill an exploration well.
Argos said on Thursday that the license, which was to expire in November, was extended to May 1, 2021.
“The Company has a commitment to drill one exploration well within the license area by the end of the second term of the license,” Argos Resources said.
Brazil Energy Insight 
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