active in the exploration for oil and gas on the Faroese Shelf. Sosialurin, founded in 1927, is the biggest newspaper in the Faroe Islands. Sosialurin has focused on the Oil and Gas industry for the last 30 [...] optimism for the area on the back of the UK Schiehallion and Foinaven discoveries, and following the boundary agreement between the UK and the Faroese in 1999 the industry embarked on exploring the Faroese [...] leading distributor of oil and gas related information in the Faroes. Our focus has primarily been on the Atlantic Margin. In the course of covering developments, we have been present at most of the ONS
kroner in 2001, in 2002 they were 22,3 million and during the years 2003 – 2006 between 7 and 9 million. On top of this are duties from the sale of seismic licenses issued to Western Geophysical from 1994-95
The demand for a permanent link ashore has been around for many years and a dialogue has been on-going on how to link oil platforms to the mainland. Already when the FarIce-cable was laid, this issue was [...] 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 [...] before however. At a meeting at the Oil Thinge recently, it was mentioned that Føroya Tele is working on intentions of establishing a close cooperation with a giant oil company and in the event these intentions
connection in each cabin and so forth. Correct balance On the other hand Mr Rasmussen says we should be careful not to impose demands we cannot follow up on. One of the demands he has in mind is the demand of [...] as our rivals. If we are not competitive we can forget all about this industry. Must not be afraid On the other hand, Mr Rasmussen thinks that everything is entwined through the terms and conditions we [...] demands which come in addition to the international demands. – They have for example a special duty on NOX. This means that a maximum has been set for how much detrimental waste can come from a vessel.
remaining in the Faroes for hydrocarbon exploration after drilling two dry wells?' Statoil answers this on several fronts. First it is a 30% partner in the exciting Rosebank-Lochnagar Field, discovered in late
subsidiaries: Inoil Technology AS, which develops applications based on web and geographical information systems comprising maps and databases on petroleum accumulations, prospects and field development modules [...] exploration phase with acquisition and interpretation of 2D and 3D seismic. The company is registered on the OTC broker list. Inoil AS commercialises projects and technology related to the oil and offshore [...] modules. Inoil Petroleum AS, which develops oil company projects presently with focus on Norway, North-Africa, Middle East and Latin America. The shareholders of the company will be part of the staff of Sagex
agreement exists. The newly signed tax agreement with Great Britain, which hopefully will come into force on the 1st of January 2008, has most likely provided PAM Offshore with another leg to stand upon. Through
completed and delivered to Kashagan by the Caspian Sea. After the work on the barge became prolonged, they succeeded in completing the work on the 23rd of August and could return home for their summer holidays
companies present their products and services. The directory is easy to use with a practical on-line search function on companies, their products and services. About Faroese Oil Industries Ass. The Faroese Oil [...] services. Many of them have participated in the exhibition earlier, and are already competitive actors on foreign markets - building an area of expertise, which will be of great importance for a potential
found on the Faroese CS within three to five years, and this is because Chevron has found good and light oil only 8 km from the Faroese/UK border. The question is, of course, whether the oil found on our [...] directly to (main land) again. I think that the oil found on the Faroese CS should be connected to the pipes and infrastructure, which are on the Atlantic Frontier between the Faroes and Shetland. It would [...] again. If it later on appears that, there is oil to the North and the West of the Faroes we have another challenge, which we must solve then. All the equipment for oil prospecting on the Faroese CS must
