Øll eru hjartaliga vælkomin. Betel, Vágur Leygardagin kl. 20.00 Fundur. Talarar: Z. Zachariassen og S. P. á Torkildsheyggi Sunnudagin kl 11.00 Breyðbróting, kl. 13.30 Sunnudagsskúli, kl. 18.00 Evangeliskur [...] møti. Eftir fundirnar bjóða vit ein drekkamunn. Kristnastova Birmavej 36, København S, tlf. 32551809 fax. 32586149 e-mail: kristnastova@get2net.dk Kristiligur fundur er hvørt fríggjakvøld kl. 20. Møti [...] luttaka. Allar kvinnur og menn eru vælkomin. Lívsins Orð Møti verður sunnudagin kl. 10.30 við Símun P. Jacobsen. Liljurnar møta mánadagin kl. 17.00 og ungdómsbólkurin kl. 20.30. Elim, Søldafjørður Levi

marked change since last year?s conference. We have established that our subsoil holds hydrocarbon accumulations in significant volumes and that poses a new challenge for the authorities, the oil companies [...] conference is a good forum for dialog between the parties involved, as they from time to time might seem to have opposite interests. I would like to thank the organisers for providing this opportunity [...] opinions and experience. One thing that we have learned from our neighbouring countries is the need for evaluating the activities as we progress. There have been two meetings recently where lessons learned

why they should respond to the oil industry?s courting. It was, in fact, the desolate state of the economy of the UK and the central government?s hunger for oil revenues that put Shetland in a comparatively [...] hold in four different funds, namely the: ? Harbour Fund; used for the development of Shetland?s ports and harbours, ? Capital Fund; used for investments in capital infrastructure, such as schools, roads [...] 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

itself as a fully integrated exploration and production (E&P) company with a focus on active exploration. Roots Gas is another recently formed E&P company which is concentrating on buying producing assets [...] significant growth for a small, start-up company but which would not figure on oil major?s materiality radar. Dublin-based Tullow Oil entered the UK upstream sector by acquiring assets from BP for £201 million [...] field from Centrica for an undisclosed sum. The company?s aim is to be a very low cost base player intending to gain additional value from operational efficiencies. Marubeni, one of Japan?s leading general

crew?s wages. The objective of the FAS arrangement is that the shipping companies get refunded a part of the wages paid to their employees. The objective of the special rules for taxation on crew?s wages [...] taxation on crew?s wages that came into force in the second half of the 90?ies. As regards taxation on income derived from hydrocarbon activities, a special legislation came into force for the first time [...] wages is that the crew?s wages are taxed more favourable than wages earned on shore. The reasons for implementing these special rules are in both cases based on a wish to create competitiveness between Faroese

25 years of living with the oil industry, that Steinway grand piano is still being played. It?s not known for certain whether the Flotta experience influenced Bill Forsyth. But apart from expensive musical [...] One thing is for certain, though. The locals of Flotta did not get rich in the way they - and their film counterparts - had hoped. In Local Hero, villagers relish swapping their homes for oil dollars and [...] owning a Rolls Royce or a Maserati On Flotta, big money was paid for the farm land Occidental - Dr Hammer's consortium - bought up to make way for the terminal. I heard the story of those remarkable days from

globe they carry these standards with them. Lord Cullen?s report prompted a fundamental change in how safety offshore was handled. The responsibility for safety was taken away from the Department of Energy [...] advances means that more and more oil is being extracted from those reservoirs discovered in the 1970s. Brent, for exxample, has just celebrated 25 years of production. Where the first oil was pumped ashore gas [...] boasts. Aberdeen has changed out of all recognition because of the oil industry and the challenge for the Faroes, if oil is discovered in its waters, will be to capitalise on the opportunity yet retain

they are deployed in the water. However, Professor Ziolkowski?s calculations suggest that the source needs to have frequencies below 10 Hz (i.e. ten vibrations a second), and this in turn means that the airguns [...] be both deeper in the water, and four or five times the normal size used for exploration. As a result, the equipment required for this type of survey is far from standard, and, from a practical point of [...] frequency sound can penetrate barriers more easily than high frequencies could have a profound impact for oil exploration in areas such as the Faroes. This is because modern exploration is heavily reliant

was, however, drilled under the Ocean Drilling Programme in the mid-1970s, though this was for scientific purposes and not a quest for hydrocarbons. The Texaco/ODP work took place before the huge but complex [...] traces of hydrocarbons were found. Likewise, BP?s well was declared dry, albeit it too produced evidence of oil and gas. And then it was third time lucky ... for Amerada Hess. All three wells were drilled in [...] the Norwegian company?s international exploration and production programme, was reported to be disappointed, though he said that data obtained would be useful while planning Statoil?s next commitment well

By Lise Kirkegaard It takes more than a successful exploratory well for a drilling operation on foreign territory to be a success. It also takes integration into and understanding of the local culture [...] companies in The Faroes Partnership, DONG has therefore had close cooperation and fruitful dialogue for many years with Faroese industry, the Faroese Government and public institutions, and many Faroe islanders [...] already acquired by the Faroese Government itself through a well drilled at the beginning of the 1980s. In 1995, DONG formed The Faroes Partnership together with Amerada Hess. Later on, British Gas and Atlantic