current situation stands. He believes one way is to open the doors fro foreign labour, but having a large number of foreigners come to the Faroes, poses its own problems and challenges. – It is quite clear however [...] and through them we have access to a large amount of knowledge in this field, and this is a great advantage. If we are to establish ourselves in an oil industry, we have to attain the same competence levels [...] everything revolves around. In any case we ought to impose very stringent demands regarding what equipment is permitted into Faroe waters to operate. – We ought to do as the Norwegian do and set demands towards

contractors have to turn their focus towards a new market to find out what that particular market has to offer. This stipulation also commits the local business community which has to be on its feet marketing [...] between the parties involved, as they from time to time might seem to have opposite interests. I would like to thank the organisers for providing this opportunity to discuss the experience of the last 12 months [...] Ladies and gentlemen, One year ago I had the privilege to open the first Offshore Faroes conference, and I am honoured to be invited back this year. Last year we were on the brink of a new industry in

too visible to the Faroese. Large fleets of British steam-powered trawlers could be seen crowding the fishing grounds right up to a mere three miles away from the shoreline. The effect was to squeeze Faroese [...] were groups pledged to »bring the Faroes to their knees« by means of an economic boycott who routinely smeared Faroese people as bloodthirsty barbarians. Yet they were still able to get representation on [...] visitors to return to their countries favourably disposed towards Britain. There is nothing dishonourable about this. It is a normal tool of diplomacy. But it does put the onus on the Faroese to decide what