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bit. But, temptation to explore offshore Faeroes is expected to be put in front of oil companies at this year?s Faeroes Oil and Gas show where details of a new round are expected to be released, said local [...] need to do. We will be drilling in 2004 and are currently struggling to find the right place to drill.? Offshore Faeroes still looks like a good exploration play, with oil companies still prepared to pump [...] of giving jaded oil executives emotional highs and lows. Today, despite high oil prices, companies are reluctant to splash out millions of dollars on risky exploration plays preferring to blame volatile

reversed by oil.« One of the important reasons for creating the oil reserves was to ensure money was available to help the islands cope with the eventual closure of the oil terminal - now projected to happen [...] had been forced to leave to find work, to come back to the islands. And that reversed the trend which had seen the Orkney population decline over the first 70 years of the 20th century.« To date, more than [...] it is difficult to envisage the excitement of residents - particularly those living on the tiny island of Flotta - when news broke that Orkney was to benefit from a massive oil boom. To taste a flavour

course, have to have effective strategies. This is a very small country and our budgets are equally small – so we must know how to get attention in a way that is not too costly. We have to rely heavily [...] for a travel industry as such, so we need to make people in the Faroes more aware of the fact that they can earn a living from tourism. SamVit has set out to improve this and many other things that affect [...] Until recently, you were unlikely to find any material about the Faroes at your local travel agency. Today the Faroes, like everything else, are just a click away. But to make people in the outside world aware

dollar to spend. On the island of Samos, within sight of the Turkish coast, we stayed with a lovely pair of English teachers who treated us to the only bed in the apartment and an eagerness to talk politics [...] was my duty to defend our leader. We may have been wrong as we cast our votes, but we were not that wrong. In these circum­stances Ben only has to explain where the Faroes are located; I have to try and explain [...] en route to the Faroe Islands where we will start life together in Klaksvik. After a week of marriage, we left my home in rural America, a place of big highways, big sky and a big family, to travel across

gigantic oil discoveries, generally known as elephants, in recent years. But not everyone has given up hunting. In fact, the capture of a new elephant or two is precisely where the Norwegian oil company [...] Mackenzie has declared that a discovery in 013/014 will be a “company maker”. Sagex will be involved in a business opportunity to participate in the planned West of Shetland/ Faroes gas hub infrastructure [...] licence operated by DONG and due to be drilled next year. North Africa – a second focus area Sagex has been successful in establishing the first ever Libyan private oil and gas exploration and production

workers arrive here eager to start work, eager to meet new people and to experience a new culture. Just as when we travel abroad, just as when we let our children go to other countries to work, educate themselves [...] world. In conclusion, I would like to welcome foreigners to the Faroe Islands and I will ask the politicians to solve any issues associated with foreign workers coming here to work. Issues such as Samtak have [...] addressed directly to the foreigners, who have received a job offer in the Faroe Islands, and who are coming here in good faith. In my opinion the ad is repulsive. In the text, you try to make it sound like

with much reduced payments to the SIC in the light of declining North Sea oil expectations. However, due to improve oil recovery techniques and the development of oil fields to the West of Shetland, the [...] mounting to what extent the islands? massive oil terminal at Sullom Voe will be able to handle oil extracted from Faroese wells. A simple look at a map of the North East Atlantic reveals how close the [...] Shetlends?s Oil Experience Hans J. Marter Shetland is ready for the Faroese oil industry to take off and is confident that both island groups will benefit hugely once oil is discovered in the Faroese sector

this time to try to avoid any more boom to burst scenarios. Companies have expanded their horizons and diversified so their fortunes are far less dependent on the daily fluctuation of the oil price and [...] industry than ever before as efforts were intensified to try to safeguard the long term future of the industry. The North Sea oil industry continues to flourish and the North-east economy is buoyant. There [...] mainland suffer because all the available hotel rooms are filled by oil personnel. Will significant numbers of oil industry workers choose to make their homes in the Faroe Islands and push up the prices in the

so if we are to continue to work in the Faroes, it will be necessary to resolve the “basalt problem”. The great challenge with basalt can be divided into two separate parts. The first is to “see” properly [...] big way? -“As a partner to the realm, we are hearing much about Greenland and the oil there. Various geological institutions have estimated that substantial quantities of oil are to be found in Greenland [...] not walking in small shoes when it comes to oil exploration in the Faroes. Even if the company has been the operating company for two dry wells, they are prepared to spend D.kr. 300 million on seismic surveys