together in the West of Shetland,? said a senior BP executive. ?We are much more realistic about what we need to do. We will be drilling in 2004 and are currently struggling to find the right place to drill [...] round at a later date, said a government oil and gas official. ?We included acreage close to the Faeroes in the 19th licence round. We need to do more environmental work in the area before we can open acreage [...] not taken up in the previous 20th round and a batch of assets in the gas prone southern North Sea basin. Acreage in the West of Shetlands and east of the Faeroes Islands will be included in a single round

was to benefit from a massive oil boom. To taste a flavour of the mood in the islands, look no further than the film Local Hero, a huge hit in Britain when it opened in cinemas across the country in 1983 [...] whole. They have funded many economic and social projects and continue to do so. A new cheese factory is about to open and work will soon begin on a modern new library in the Orkney capital, Kirkwall. Funding [...] Danny might not be rich. But he is happy to acknowledge that the plant and its staff been excellent neighbours - and have made a huge contribution to the present prosperity of Orkney as a whole. The wealth

Faroese do not have a long tradition for a travel industry as such, so we need to make people in the Faroes more aware of the fact that they can earn a living from tourism. SamVit has set out to improve [...] of course, have to have effective strategies. This is a very small country and our budgets are equally small – so we must know how to get attention in a way that is not too costly. We have to rely heavily [...] Plays a Vital Role In order to achieve our goals, Internet marketing should play a vital role. People are no longer so dependent upon travel agencies to plan their trip; this can now be done in your own

there is any reason to move the supply base away from Runavik, says Eli Lassen. It is very important to be able to offer good conditions when a rig owner sends a rig for repair in a short/long period of time [...] says Eli. I would like to use Offshore Europe 2007 as an opportunity for me to meet Oil Companies that may wish to come to Faroe Island to drill and, of course, also those who work at a short distance from [...] quality to extract, says Eli, who does not think that the oil should be extracted and taken to the Faroes. It does not make sense to transport the oil to the Faroes and then export it directly to (main land)