Argentina and UK at odds over ownership of South Atlantic islands . Falklands government says it has `` every right '' to develop hydrocarbons industry . But Argentine officials say they have no plans for drilling in the area, which is claimed by both countries. Argentina passed decree requiring Falklands-bound ships to carry permit .
Argentina and UK at odds over ownership of South Atlantic islands . Falklands government says it has `` every right '' to develop hydrocarbons industry . Drilling company estimates area could contain 3.5 billion barrels of oil . Argentina passed decree requiring Falklands-bound ships to carry permit .