and a time schedule when these undertakings have to be concluded. The objective is always to ensure that the companies have enough time to complete the work that has to be done. A suitable time frame is [...] large revenues to the Faroe society. Others were probably aware of the fact that it could take some time before we could reckon ourselves among the oil-producing nations. Several may also have harboured [...] these multinational companies, which now were to invade our country, would conduct themselves. As time has passed, and the companies to a greater or lesser degree have been active and have established

licenses in UK waters, whereof some are already producing oil. The company has now, for the very first time, made a commercial oil discovery in an exploration well and are now anxiously waiting for a production [...] international oil- and gas producing company, in just under ten years. The company value has doubled five times over, since the company was founded.

my mouth water”, says Mr Kjell Ursin Smith. Large diversification ONS has been held 18 times previously and this time the exhibition is bigger than ever, with upto 35.000 visitors and covering an area of [...] event, with many stands and artists”, says Mr Smith. In size, the largest participating companies this time are FMC Technology, StatoilHydro and Cameron, but in respect to turnover General Electric, GasProm

opportunity to experience Faroese culture. For the third time in secession the Tórshavn Town Council will participate in the oil exhibition ONS. This time the Tórshavn Town Council will cooperate with the Rúnavík [...] Her designs are deeply rooted in the natural colours and materials of the Faroe Islands at the same time as she is setting new standards with her unique and innovative designs.

synergetic effect for the companies participating in a joint stand. Experience shows that while they spend time doing business with foreign companies – a deal or two are often closed among Faroese colleagues at

knowledge in, says Mr Ólavur Gregersen, the Bitland CEO. Bitland and the oil industry This is the first time the Bitland Consulting Group is participating in an oil industry exhibition. -“The reason for our

company is ready for pending exploration activity. Can deliver everything Teymavirkið has for a long time sold all thinkable items and equipment to the fishing fleet, and therefore Beras is in a position [...] services, which although not all that important for the oil companies, must be in order”. Limited time -“The problem for a subcontractor like Beras is that their activity is limited to a specific period

The Tórshavn Harbour office is located on the eastern harbour arm in Tórshavn and has thirteen full-time employees, who apart from the whole harbour area in Tórshavn, also are responsible for large harbour

from Denmark, who both have detailed knowledge from the offshore industry. This is the very first time Supply Service has a stand at an offshore exhibition/conference, but they have visited many similar

on the Norwegian continental shelf, but can at the same time see clouds in the horizon. – There are a lot of exciting areas, but at the same time the costs are increasing, and there are not enough rigs [...] says Faroe Petroleum Norge MD Helge Hammer. Ambitious team player with top competence - In a short time we have become a significant player on the Norwegian continental shelf, and since 2001 we have been