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LOCATION : ANTARCTIC PENINSULA
DATE/TIME: 20 JANUARY 1995, 08:00:00 ZULU
With the industrialized nations of the world struggling to put their economies back on rack after the crash of 1994, most South merican countries were on their own economically. Faced with the hard fact that Western aid was no longer available, national well-being hinged on the availability of petroleum products. The Chilean government formed several expeditions to explore the antarctic region in search of new oil reserves.
The discovery of the "Allende" field, with over 20 billion barrels of recoverable oil, sent shock waves through the South American economic community. The Chileans announced that a final survey, to determine the boundaries of the massive oil field was to be carried out immediately. The Argentinians, through a preliminary survey of their own, found that the field was exclusively in Chilean territory. This situation would lead to Chilean ownership of the region and a crippling blow to the Argentinian plans for regional dominance. The Argentinian High Command decided to stop the Chilean survey before the results were announced.
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