that has in quick succession made the Chinguetti, Banda and Tiof oil discoveries was obliged to disclose not just the discoveries but also to file drilling reports. In that consortium is Italian group ENI [...] bad to worse for Stewart, when ENI decided against disposing of its interests in the UK west of Shetland Laggan and Suilven licences to Faroe Petroleum. The company?s strategy at the outset was to concentrate [...] could be worth more than 10billion euros to the Irish economy. It prompted the political party Sinn Féin to pile pressure on the current Dublin administration to ensure Ireland benefited and not just Shell

Terje Edvardsen. »We want as much of the activities as possible to benefit Faroese society, partly because it is natural to exchange know-how, but also because it is, after all, the Faroe islanders' resources [...] money by avoiding having to set up an organisation in Denmark themselves just to drill one or two wells.« Another reason for the savings is that the drilling team has been able to optimise the drilling work [...] subsoil in a specific area, so we have been able to use our existing knowledge of the Danish sector and the experience we have gained from well to well to optimise the drilling work.« Jan Terje Edvardsen

Terje Edvardsen. »We want as much of the activities as possible to benefit Faroese society, partly because it is natural to exchange know-how, but also because it is, after all, the Faroe islanders' resources [...] money by avoiding having to set up an organisation in Denmark themselves just to drill one or two wells.« Another reason for the savings is that the drilling team has been able to optimise the drilling work [...] subsoil in a specific area, so we have been able to use our existing knowledge of the Danish sector and the experience we have gained from well to well to optimise the drilling work.« Jan Terje Edvardsen

important to get the best deal possible. He said: ?Nobody was particular keen to have oil here because we had lived a certain kind of lifestyle for many years and oil seemed to be too disruptive to be good [...] travelled to Shetland to carry out the opening ceremony. While a consortium of oil companies build the facility costing almost £1.2 billion (in 70?s money), the oil industry became obliged to pay an annual [...] stream of income, which is used to boost the economy and to finance amenities other local authorities in Britain can only dream of. With the massive Clair oil field, 50 miles to the west of Shetland, coming