commercial or is it not? That is the question being asked in the wake of conflicting reports. The 12/2-1z Rockall Basin well drilled last year appeared to encounter a significant oil column. The Department [...] for West Africa, the greatest successes are currently being scored in the NW African state of Mauritania while, on the west side, the Canadian quest plods along unspectacularly, but is delivering modest [...] deepwater Nigeria, it is hardly surprising that the North-west European effort is so low key. And, as rigs gradually but inexorably migrate out of the North Sea, the more difficult it is likely to become in

beyond that, there is the West Africa bonanza, which for now seems unstoppable. On the opposite side of the Atlantic to the North Sea, the story of oil has also been slow to unfold, though the potential of Eastern [...] onstream by late 2005. On the Norwegian exploration front, among the most interesting frontier concessions awarded in the recent 17th licensing round is a prospect known as Fles Nord. This is thought to harbour [...] Scotland is 400million tonnes and 400billion cu.m. The figures are based on data gathered during the 1991 mapping and drilling programmes and are probably the most relevant to the Faroes. The message of

possession of a language, a history and a cultural identity, the Faroese were, in the twentieth century, in a position to develop a modern culture. Consequently, we are now endeavouring, by way of a pragmatic [...] our breath. On Monday the first of October our invisibility shall, for a couple of hours, be suspended. Swedish generosity Sweden to us in the Faroes is a cousin. And Swedish is, like the other branches [...] island groups, the Faroes were, in the Middle Ages, dependencies or tax lands of the Kingdom of Norway. However, while Shetland and the Orkneys fell under the harsh dominion of the Scots, the Faroes eventually

of an oil industry on fishing is now widely perceived as being negligible, as the commercial activity is focused on the shallow shelf areas around the islands while the oil industry is looking for its natural [...] but it is unlikely to include any acreage near the Faeroes. The 21st round is likely to be a mopping up exercise mature areas not taken up in the previous 20th round and a batch of assets in the gas prone [...] neighbouring maritime countries in the region. At the same time, keeping a close eye on future offshore UK licence rounds is an important weapon in the explorer?s armoury. The UK will open its 21st licence

warm congratulations on your becoming løgmaður of the Faroe Islands. Britain and the Faroes both have comparatively new governments in office. We also have conciderable economic interests in common. I hope [...] your appointment can mark a fresh start in our discussions about oildelimitation. We are ready to search for an early settlement, which I am sure you also desire. Our aim is to reach an equitable agreement

become members. The purpose of the association is: “…to gather companies, that work within the oil-industry, to carry out matters of joint interest and to work for the members’ interest.” Faroese Oil Industry [...] International, Virkisráðgeving, Vagar Airport and the Port of Runavik. To many of the companies, Offshore Europe is among the most important events of the year, and a great opportunity for them to showcase their [...] industry to flourish. There is a lot of excitement in the air this autumn with the drilling of the William well in October and the third licensing round being prepared, and probably announced later this year

globalisation, the very foundation is the development of the Faroese welfare society. This is why we for the first time with Vision 2015 have made strategic comprehensive plans for welfare of all the most important [...] and • with the highest fertility rate in Europe creating well-being and continuing availability on the labour market. Thus the foundation for a social economic balance between generations is strengthened [...] daily assistance on residential homes. The legal framework in regards to welfare of the elderly will be carried out in a new law that ensures the elderly citizens’ rights and options. The Welfare System

Knowledge on the area is of course much better today compared to when we begun. A considerably larger part of the region has been mapped. The basalt, which was estimated as a massive problem, is little by [...] that has to be done. A suitable time frame is negotiated between the license holders and the Faroe Petroleum authorities. In addition, the annual acreage payment, which is a fee the license holders have [...] with the workload, so it can ensure the work is conducted in a sensible manner – both from a public viewpoint and from the viewpoint of the license holders. We must continually remind ourselves that the Faroe

Development has been shelved at least once. But now the project is unstoppable, with construction past the halfway mark and apparently on track. Clair is a monster in more ways than one. It?s not just huge [...] proved a nightmare. That was not achieved until the late 1990s. Real contractor engagement did not start until the end of 1999, once it had been decided what would needed ? a stripped down, to the point [...] Offshore Faroes 2003 JEREMY CRESSWELL . Not only is it a lifeline to Sullom Voe, getting this giant of a field onstream will be the end of a 27-year haul, given that Clair was located west of Shetland

companies. On the other hand a certain size of telecom company is required, which the oil companies can fully rely upon as a partner. Føroya Telecom seems to have such a required size as a deal is on the doorstep [...] access to the Scottish mainland by the SheFar-cable. It is understood BP will initially rent data capacity for a five-year period. The linking of oil platforms west of Shetland ashore is not a new idea. The [...] debated, and when the SheFar-cable became a reality a link between oil platforms and the mainland also became a natural part of the dialogue. It is quite clear if we look ahead and at the development of an