just the end result of an exhaustive preliminary work project. The license holders are doing a huge amount of work. Our own geologists at Jarðfeingi are also doing a large amount of work to develop new [...] and a time schedule when these undertakings have to be concluded. The objective is always to ensure that the companies have enough time to complete the work that has to be done. A suitable time frame is [...] ground in Stavanger, Faroe industry is a part of the exhibition and are offering their services. From the authority’s point of view, we have decided to be part of the Faroe stand at the exhibition/conference

announced in a press release that oil has been discovered at a depth of 111 feet on the Blackbird prospect area. This area is six kilometres south of the Ettrick oilfield, which is currently undergoing a production [...] from this successful drilling, will spread to a large part of the Faroe society. This successful drilling will most likely also affect the role of Atlantic Petroleum in the pending exploration drillings in [...] eighteen Faroese companies. The objective of the company establishment was to use the first Faroe bidding round as a basis for becoming a partner in a strong group of oil- and gas companies. By so doing, Atlantic

visiting guests. -“Just the thought of Faroe food makes my mouth water”, says Mr Kjell Ursin Smith. Large diversification ONS has been held 18 times previously and this time the exhibition is bigger than ever [...] area of 18.800 sq m2. -“I am particularly proud of the diversification we have at the exhibition this year. The ONS festival is on the Stavanger harbour and is also an aspect I am especially proud of, as [...] -“Faroese are professional, and just the thought of Faroese food makes my mouth water”, says Mr Kjell Ursin Smith, who among other posts, is the CEO for ONS, when discussing Faroe participation in an oil

opportunity to experience Faroese culture. For the third time in secession the Tórshavn Town Council will participate in the oil exhibition ONS. This time the Tórshavn Town Council will cooperate with the Rúnavík [...] the Faroe sheep. Her designs are deeply rooted in the natural colours and materials of the Faroe Islands at the same time as she is setting new standards with her unique and innovative designs. [...] a more relaxed atmosphere. -We wish to create a relaxed atmosphere, which will give people a taste of the Faroes, says Ms Katrina í Geil, coordinator for the Tórshavn Town Council. The Faroe pavilion tent

a great variety of services to the offshore industry – from broadband communication services to platform supply vessels. Many of these are companies with a long history and tradition of participating in [...] the drilling activities on the Faroe Shelf. Many of them are already competitive players on foreign markets – building areas of expertise, which will be of great importance in a future Faroese oil industry [...] opportunity and tourist destination. One of SamVit’s main responsibilities is to offer the necessary framework and opportunities for growth and increased internationalisation of Faroese businesses. To support this

for the Faroe Stock Market. Of other tasks worth mentioning is the coordination of the “Jobmatch” project, which is intended to help resolve the problem of the non-return of Faroese to the islands after [...] the first time the Bitland Consulting Group is participating in an oil industry exhibition. -“The reason for our participation is to expand our contact base. We wish to market Bitland as one of the foremost [...] opportunity for us to expand”, says Mr Gregersen. Al Gore In April of 2008, Mr Al Gore was in the Faroes. He is the former Vice President of the USA, but is probably more renown for his environmental work

Base, but as long as the drillings are only exploratory the level of activity we can expect to see will be limited”, says Mr Berg. In spite of this situation, Mr Berg is optimistic and says the company is [...] Teymavirkið in Rúnavík, has been delivering equipment to the Faroe fishing industry since 1961. The goal of Beras is to deliver all perishables and other necessities to the oil companies while they are active [...] is ready for pending exploration activity. Can deliver everything Teymavirkið has for a long time sold all thinkable items and equipment to the fishing fleet, and therefore Beras is in a position to supply

and depart the Port of Tórshavn and 680.000 tons of cargo, pass over its quayside. In general, it may be said that activity on the municipal Port of Tórshavn quayside is the transport of cargo and people [...] round the harbour, which are capable of supplying a multitude of services to vessels, which dock here. Augmenting all this is the town of Tórshavn itself, capable of all thinkable services. In this respect [...] gateway to more than forty percent of the people in the Faroes. Oil industry activities The objective for the participation of the Port of Tórshavn and their former participation at ONS is largely to support

twelve on each shift. On top of this, the company’s administration will have to be increased, so the number of staff could very soon reach the 100 mark. Optimistic Two of the vessels are already on long-term [...] player in the offshore industry. However, from July of 2009 they will have close to 100 employees engaged in the offshore industry. They will have a fleet of three PSV (platform supply vessel) vessels. -“The [...] have three supply vessels. They should be delivered in January, April and July, respectively. Two of them are already on long-term contracts”, says Mr Tummas Justinussen, CEO for Supply Service company

same time see clouds in the horizon. – There are a lot of exciting areas, but at the same time the costs are increasing, and there are not enough rigs or people. This is a major challenge, but of course [...] player, with one of the best exploration teams. The target is to grow further, says Faroe Petroleum Norge MD Helge Hammer. Ambitious team player with top competence - In a short time we have become a [...] with most of the big, leading oil companies. Our strong expertise within exploration – seismic and geology is valued, says Helge Hammer, an experienced reservoir engineer and managing director of the Norwegian