lism? Far from it! Wealth is visible in the amount of new houses being built, in the size and the age of cars cruising the highway-like road network, and is expressed in the general upbeat and enterprising [...] something from the island community ? namely a landfall for oil from the huge fields in the East Shetland Basin ? rather than the islanders longing for the influx of a completely new world. In fact, considerable [...] ure, which is being developed in the North and West of Shetland, is located to the prospective oil province on the other site of the border between the UK and Faroe. Former Sullom Voe Oil Terminal manager

countries is the need for evaluating the activities as we progress. There have been two meetings recently where lessons learned were on the agenda. In addition the Ministry of Petroleum will meet with the oil [...] challenge for the authorities, the oil companies and the local industry. The large quantities of data which has been collected from the drillings this summer will be subjected to intense studies over the coming [...] difficulties were to be expected when you combine the traditional working methods of the oil industry with the stipulations of the hydrocarbon law and the expectations of the local business community. Let

success has eluded the explorers in the southeast corner of the island?s offshore waters, it is likely that attention will turn to the northeast. The west of Shetlands region is vying for petroleum exploration [...] between the UK and Norway is now better than at any previous point in the history of the North Sea industry. It is particularly important that we should find ways of working together in the median areas [...] licence rounds is an important weapon in the explorer?s armoury. The UK will open its 21st licence round next year but it is unlikely to include any acreage near the Faeroes. The 21st round is likely to be

material and it is of paramount importance for Faroese authorities that the potential beneath the basalt is vigorously pursued. The Faroe Bank Channel When the area on offer in the first licensing round was [...] solution to exploring the geologically challenging part of the Faroe Shelf. In other words the main challenge is a gradual transfer of activity from the existing licenses in the southeast to the shallower and [...] candidate for future rounds. The northern part of the Faroe-Shetland Channel The oil industry also nominated blocks further north than those included in the area on offer in the first licensing round. In addition

approve the area on offer as well as the general terms and conditions of the licenses. Therefore, the time span from the moment work commences on a licensing round and to the point when the round is launched [...] with the industry next spring in order to assess the interest for an upcoming round. If the consultations indicate a level of interest, the next step is likely to be some sort of nominations later in the [...] year. When planning for a licensing round it must be remembered that a licensing round in the Faroe Islands cannot be initiated at the discretion of the Minister. It is a special feature of the Faroese

social occasion the intention was that the evening should be informative for everyone. The talks and film about the future Oil Industry in the Faroe Islands certainly gave everyone food for thought. Eyðun [...] But times change and the focus of Faroese interests in the UK has moved south to London. The great days evoked in ?Tevatn og Breyð? of Faroese ships landing Ice Fish in Aberdeen are long gone. The connection [...] As the evening drew to a close with the guests singing the national anthem with pride and passion, one had the feeling that this gathering on 18 February at the Danish Embassy was the occasion when the

insistent as the match wore on. A whole forest of Faroese flags were being waved and the effect of this was magnified when the spectacle was shown on the giant screen in the opposite corner of the stadium. [...] have resorted to in previous years they had the confidence to attack and go for an equalizer. This was the same spirit shown when they pressed for a winning goal against Scotland the previous month. Germany [...] Jákup Mikkelsen which had the German papers unanimous in acclaiming him as man of the match the following morning. So here we had the Landsli_ taking on the might of Germany in a game of open football and

insistent as the match wore on. A whole forest of Faroese flags were being waved and the effect of this was magnified when the spectacle was shown on the giant screen in the opposite corner of the stadium. [...] have resorted to in previous years they had the confidence to attack and go for an equalizer. This was the same spirit shown when they pressed for a winning goal against Scotland the previous month. Germany [...] Jákup Mikkelsen which had the German papers unanimous in acclaiming him as man of the match the following morning. So here we had the Landslið taking on the might of Germany in a game of open football and

ready for sanction in 2001. That came symbolically when, in November that year, Energy Minister Brian Wilson gave it the green light. Phase-1 concentrates on the core, Graben, and Horst segments in the southern [...] 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 (220sq [...] progressively drilled using the platform?s own drilling package. One is being pre-drilled and will be first onstream. ?Then the (platform?s) rig will drill the remaining wells of the Phase-1 development,? said

keep in the community and create the facilities for the future.? Subsequently, the council?s representatives managed successfully to make their case to the UK government in London, which resulted in the [...] kind of lifestyle for many years and oil seemed to be too disruptive to be good for us.? However, the debate in the islands quickly focussed on whether the oil harbour and the ground the terminal stands [...] gave the islands the control over its waters and led to the present set-up in which the council runs the terminal?s harbour, ensuring high environmental standards, but also drawing an income for the good