uneconomic are now almost routine. The North Sea is a mature province but the message the industry is struggling to transmit, particularly to the young, is that it has a long and valuable future and offers [...] 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 the unique charm of the islands. Aberdeen and the North-east [...] dependent on the daily fluctuation of the oil price and the Faroes Islands must carefully balance the huge opportunity which the industry can bring with the retention of the islanders? core values and the very

Transport. The runway is 1,250 metres long and 30 metres wide and is positioned in a security zone of 1,370 x 150 metres. The runway is asphalt and grooved sideways to increase friction. The runway is equipped [...] equipped as a »non-procession approach« runway with the ICAO-code mark »3«. Up to the end of October 139,717 people travelled through the airport, increase of 11.0% compared to the same period last year when [...] in the year 2003 you can travel from the airport to Tórshavn via the new tunnel between Vágoy and Streymoy in about 40 minutes. The airport is managed by the Civil Aviation Administration under the Danish

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 is that [...] order to be covered by FAS it is also necessary that the ship owner in question is a resident in the Faroe Islands. If the ship owner is a company it has to be registered in the Faroe Islands and its real [...] case it is only the part of 500,000 DKK or less that is reduced. The taxable income assessed like this is taxed in accordance with the ordinary tax rates. The same applies to limited tax liability as explained

also typifies the trend in a way. The company sold off its North Sea interests in 1988 but returned to the province by buying half of Shell?s 4.357% interest in the Elgin/Franklin fields. The number of niche [...] Wood Group is seeking to combine leading edge engineering design work developed in the North Sea with its counterpart from the Gulf of Mexico. It received a boost in this with the award of a second mul [...] Sea for some time.« ASCO is another oil support services company where the accent is very much on growth. Colin Manderson, the chief executive, hoped to be at the helm of the first Scottish company to

UK/Faroe boundary in the White Zone, the well was drilled to a total depth of 4275m in a deepening operation, after reaching the commitment depth of 3830m. While the other two wells - Longan (Statoil) and [...] beyond that, there is the West Africa bonanza, which for now seems unstoppable. On the opposite side of the Atlantic to the North Sea, the story of oil has also been slow to unfold, though the potential of Eastern [...] discoveries such as Skarv (block 6507/4). In the case of Skarv, which BP proposes to develop at a cost of some $1.3-1.6 billion, the company earlier this year postponed tenders for the front-end engineering

officials. As exploration success has eluded the explorers in the southeast corner of the island?s offshore waters, it is likely that attention will turn to the northeast. The west of Shetlands region is vying [...] rounds is an important weapon in the explorer?s armoury. The UK will open its 21st licence round next year but it is unlikely to include any acreage near the Faeroes. The 21st round is likely to be a mopping [...] perceived as being negligible, as the commercial activity is focused on the shallow shelf areas around the islands while the oil industry is looking for its natural riches under deeper waters. Faeroese

Louis Wilson As the evening drew to a close with the guests singing the national anthem with pride and passion, one had the feeling that this gathering on 18 February at the Danish Embassy was the occasion [...] been arranged. As well as being a social occasion the intention was that the evening should be informative for everyone. The talks and film about the future Oil Industry in the Faroe Islands certainly gave [...] occasion when the Faroese community in the UK has come of age. John Rajani the newly appointed as representative in Britain had invited Faroese people living in the UK as well as those with Faroese connections

had the German papers unanimous in acclaiming him as man of the match the following morning. So here we had the Landsli_ taking on the might of Germany in a game of open football and coming within a few [...] agonisingly see it hit the post. The shock of this incident silenced the German fans as well as their Oompah Band while the Faroese fans gave voice to their feelings with a rendition of ?Tú Alfagra Land Mítt [...] few millimeters of a draw. This enhanced the growing respect for the Faroe Islands in the Football World. They are no longer seen as a pushover or a novelty team to be patronised but serious opponents who

had the German papers unanimous in acclaiming him as man of the match the following morning. So here we had the Landslið taking on the might of Germany in a game of open football and coming within a few [...] agonisingly see it hit the post. The shock of this incident silenced the German fans as well as their Oompah Band while the Faroese fans gave voice to their feelings with a rendition of ?Tú Alfagra Land Mítt [...] few millimeters of a draw. This enhanced the growing respect for the Faroe Islands in the Football World. They are no longer seen as a pushover or a novelty team to be patronised but serious opponents who

Offshore Faroes 2003 JEREMY CRESSWELL . Not only is it a lifeline to Sullom Voe, getting this giant of a field onstream will be the end of a 27-year haul, given that Clair was located west of Shetland [...] Development has been shelved at least once. But now the project is unstoppable, with construction past the halfway mark and apparently on track. Clair is a monster in more ways than one. It?s not just huge [...] until the end of 1999, once it had been decided what would needed ? a stripped down, to the point approach without North Sea-style ?gold-plating?. The best in class role model selected was Pompano, a BP-operated