a need for great care in ensuring that the local effects - economic, social, cultural, political and environmental - accord with the wishes of the Faroese people. But experience elsewhere, for example [...] now undertaking work for oil industry clients in such places as the Gulf of Mexico, California and Russia. Symptomatic of this, Newfoundland is the home of CHC Helicopters, the world?s largest helicopter [...] positive results from the Amerada-Hess well. It is of course only one well, and there will be a need for further drilling and analysis to delineate the field and see if it is commercial. But this first discovery
af FN?s sikkerhedsråd, måske kan Færøerne være den nation hvor fremtidens Microsoft opstår, måske kan Færøerne blive en frihandelszone eller et nyt »Silicon Valley«. Husk Japans udvikling (og for den skyld [...] livet, igen. Som betragter udifra kan man ikke lade være med at spørge sig selv om Færøerne er udsat for en slags naturlig cyklus eller en slags pendulforbandelse, fra rigdom til fattigdom, fra succes til [...] Færingerne er jo nu en gang som de er ? lever i øjeblikket, satser modigt og friskt, og er ikke meget for at konsekvensvurdere sine handlinger ? en slags naturbarn. Dette kan man udifra se på med en vis beundring
af FN?s sikkerhedsråd, måske kan Færøerne være den nation hvor fremtidens Microsoft opstår, måske kan Færøerne blive en frihandelszone eller et nyt »Silicon Valley«. Husk Japans udvikling (og for den skyld [...] livet, igen. Som betragter udifra kan man ikke lade være med at spørge sig selv om Færøerne er udsat for en slags naturlig cyklus eller en slags pendulforbandelse, fra rigdom til fattigdom, fra succes til [...] Færingerne er jo nu en gang som de er ? lever i øjeblikket, satser modigt og friskt, og er ikke meget for at konsekvensvurdere sine handlinger ? en slags naturbarn. Dette kan man udifra se på med en vis beundring
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
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
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
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
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
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
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
