Faroeyard is one of the larger Faroe companies, with their app 350 employees. Since 1998, its daughter company PAM Offshore Service, has delivered skilled labour to the offshore industry
Oil industry
The history of Faroeyard began already way back in 1898, when Vestmanna Skipasmiðja was established. Skála Skipasmiðja was the next piece in the jigsaw. In 1936, Tórshavnar Skipasmiðja was founded, and as the last piece the mechanical workshop, FJM was established in 1986. In 1986, Vestmanna Skipasmiðja was acquired by the shipbuilding yard in Tórshavn, and in 1997, Skála Skipasmiðja joined the group. All the pieces slowly begun to come together, and in 2004 the name: Faroeyard was adopted.
The Sales and Marketing manager, Mr Hans Jacob Poulsen explains that the company is growing ever larger on the international market and today the company employs app. 350 people, whereof 50 are abroad. The daughter company PAM Offshore Service, has from the offset worked within the offshore industry in Norway. PAM Offshore service delivers mechanics, electricians, engineers and including the vessels the Thor Alpha and Thor Omega, Faroeyard has become an even larger subcontractor in an international context, says Mr Hans Jacob Poulsen.
Two support vessels
The latest accomplishment of Faroeyard in the offshore industry is the delivery of two support vessels for the shipping company Thor in Hósvik. The first, the Thor Alpha was delivered in February of 2008, and it went straight to the Gulf of Mexico. The latter vessel, the Thor Omega, a sister ship to the Thor Alpha, was floated in June, and will be delivered in September of this year.
-“These are two very well equipped vessels. The vessels dimensions are 55 metres long and 13 metres broad. Both vessels have electro-diesel engines and are being used as support vessels for vessels undertaking seismic surveys”, says Mr Poulsen.
Latest update
Faroeyard was also represented at Offshore Europe in Aberdeen last year, but only by Pam Offshore Service. This time they will be represented as a single whole company. The intention is to present the company better to the rest of the offshore industry at the exhibition. They intend to expand their activity, particularly within maintenance and vessel repairs on the whole north Atlantic area. They are well endowed technically and are also competitive price wise.
-“Our geographical location is one of the foremost reasons for us to present ourselves to the offshore industry. The sailing distance to the Faroes is short from most oil areas in the North Sea, in some instances even shorter than to other countries”, says Mr Poulsen, the Faroeyard Sales and Marketing manager
