After 10 years of frustrating delays since oil fields containing up to 60 billion barrels of "black gold" were discovered off the islands, oil companies are planning to start drilling within the next 12 months.
...
The Falklands' government will receive 26 per cent of the profits from companies ­drilling for oil, as well as nine per cent royalties on every barrel sold.

Many islanders will also be cashing in personally after investing in the companies searching for oil.

Mike Summers, a councillor and spokesman for the legislature, said: "We're talking about amounts of money that we have not been familiar with previously. But we're islanders. We tend to be pretty phlegmatic." "
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/03/09/wfalk109.xml
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