experience. The Faroe Islands is a country which is – and is not. It is in constant flux. It keeps disappearing: One moment it’s lost in the fog, and suddenly – there it is again in all its magnificent [...] develop strong networks is becoming more important. And still it is crucial for us to hold on strongly to our unique identity if we want to stay competitive. The burning question is: What role can a little nation [...] life’s vulnerability – and that is really inspirational. That is probably why creative people thrive here and why such magnificent art on an absolute top international level is created here. Actually, I was

vessel, which is expected to be ready in mid-September next year is expected to cost app. DKK 80 million. Mr Gunnbjørn Joensen says the Thor Alpha will set course directly for Mexico when it is ready. The [...] The company is providing offshore services all over the world, so there is nothing strange in this situation. To Aberdeen to meet friends Asked what errands they have at Offshore Europe 2007, Mr Joensen says [...] 2007 and is currently being completed. It should be ready to begin operations by mid-November, after it has been to the Danish town of Hirtshals to sandblasted and painted. The Thor Alpha is 55 metres

The question is being asked 'why is Statoil 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 [...] of 6,000 barrels a day. In addition and importantly, the structure of the Rosebank-Lochnagar field is similar to large structures mapped by Statoil and its partners in the Faroes offshore. These constitute [...] frontier area, a large area remains more speculative between these data points. To gain better insight to what these areas may contain, Statoil, Jardfeingi and other institutions are re-examining the geology of

that it is not competitive, thereby excluding itself from working in a Norwegian oil industry. He says that in Norway this duty is applicable to all vessels, also fishing vessels, but he is doubtful if [...] years to adapt. – In the Faroes the oil industry is a new industry and therefore it is perfectly in order to impose duties on vessels from day one. He is also of the opinion, that we could demand all vessels [...] quayside also demands a large workforce and it is a question of where this workforce is to come from, as the current situation stands. He believes one way is to open the doors fro foreign labour, but having

least abroad. It is no big secret however, that both patience and professionalism is required if a contract is to be established with a large oil company. The beau racy is immense and it is all important [...] area, and therefore it is sensible to cooperate with a telecommuni­cations company capable of delivering such a service. This is where Føroya Tele comes into the picture, as it is capable of delivering [...] in September The question is also what other services could come in the wake of this cooperation. For example, broadband and other wireless services. A futuristic question is how a company like Føroya

so it is impossible to see and record them. Neither is there direct or indirect incomes from the Sindri fund, which is a fund established by oil companies in the year 2000, and which objective is to support [...] of that work is not calculated as an income for the Faroe society. It is all a question of definition”, Mr Joensen points out. He stresses that the overview is only intended to highlight what incomes the [...] revenues had reached 200 million kroner. In the overview, it is stressed that these are not all the oil revenues, but just some and the period is to end of 2006. The actual income most probably began in 2001

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 years and is therefore the leading distributor of [...] operating company, was a dry hole. The William Prospect with BP as operator is set to spod later this year. It will be interesting to see what the William well might uncover. In the meantime the Faroese can take [...] are made nearby. Oil and gas exploration is a long term activity with great uncertainties. Sosialurin has been following this activity for about 30 years and it is our hope that there will be plenty for

been five share offerings, and the current share capital is DKK 112 million in nominal value (approx. £10 million). The number of shareholders is now approximate­ly 5600 of which 70 % are from the Faroe [...] cash flow from own production the coming years What do we then want to achieve the coming years? Because the Company will now have its own cash flow it is possible to increase the exploration activities [...] of the Board, AP ------ The last year has shown very strong growth in Atlantic Petroleum, AP. This is well reflected in the trust shown by investors and the markets in the AP share. An investor that invested

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ferðina í Føroyum, og niðurstøðan er greið og semjan breið: Føroyar og føroyingar eru einastandandi. – What a party that was, brilliant weather, not as expensive as everyone was making out, beautiful birds [...] feel so lucky to have seen them in the glorious sunshine. The locals are really friendly and the place is just so chilled out, skrivar ein fjeppari, sum fleiri taka undir við. – I've always been careful of [...] another. Bordeaux, Bydgoszcz, Hong Kong and Japan have probably been my most memorable trips. But this is now my number one, best ever trip. And I don't say that lightly, verður sligið fæst. Onkur umrøður