huge benefits from the oil and gas industry but there have been downsides. House prices have escalated, as have retail prices. Unemployment is the lowest in Scotland but the high wages offered by the North [...] industries. Aberdeen learned a harsh lesson in the eighties when the oil price slumped and the industry went into recession. House prices fell so dramatically some people simply handed their keys into their [...] hit again and in 1998 the average price for Brent crude slumped to under $13. Developments were once again put on hold and the century ended with a year in which the price was down to under $10 a barrel at

their first offshore licence round. . The exploration activities around the Faroe are ongoing, but today the company has its offices in Aberdeen and Stavanger. Faroe still has a small office in the Faroe [...] or people. This is a major challenge, but of course has its benefits in relation to the high oil price, something most oil companies are happy about. This is the main reason for the high level of offshore [...] an exciting environment that we would like to expand gradually. There is a general lack of people today, but we believe we can offer something special, an exciting challenge which is rewarding in may ways