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UK Foreign Secretary Miliband has approved a new oil field development off the Falkland Islands, Telegraph reports; production possible as soon as 2027.

StockNow breaking-news AI analysis

A breaking-news item reports Telegraph coverage of Miliband’s approval of Sea Lion development, possible production from 2027, and an estimated resource of up to 1.7 billion barrels.

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The Sea Lion field is thought to contain up to 1.7bln barrels of oil.

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