are not enough rigs 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 [...] from large and complex structures, sub-basalt conditions and in very deep waters – We are good at this, he says. In Stavanger there is a technical staff of 17, with considerable geological and geophysical

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, both practical- and social conditions have been thought [...] The Port of Tórshavn is once again a participant at ONS this year, as was the case the foregoing years. They will represent both Tórshavn as a town and as the Port of Tórshavn, which is the direct gateway [...] unload and reload equipment, containers and other material associated with an oil industry. Adding to this, a large 40.000m2 area is currently under development in the village of Kollafjord, and it will be

finally furbished in Norway. The vessels are all sister vessels and are dual-hulled, clean design. This, together with DS/OHSAS, DS/EN ISO 9001:2000, DS/EN ISO 14001:2004, Achilles and ISM certification [...] Mr Justinussen. Twenty-four people will be attached to each vessel, 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 [...] to the world leaders, regarding safety and environmental protection within the offshore industry. This implies that we must, – in a Faroe context – invest heavily. Due to the fact that we already have

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 ready for pending exploration activity. Can [...] turn to a single subcontractor, who is in a position to deliver everything they require and want. This eliminates the need for companies to look for several subcontractor services, which although not all [...] -“The problem for a subcontractor like Beras is that their activity is limited to a specific period. This means that when there are no exploration drillings, there is no activity. We however are only the

-“Within our areas of competence the Faroe market is quite limited. This implies that we must endeavour to land international tasks also, but this comes naturally to us and is something we are pleased to have [...] specialised knowledge in, says Mr Ólavur Gregersen, the Bitland CEO. Bitland and the oil industry This is the first time the Bitland Consulting Group is participating in an oil industry exhibition. -“The

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 Town Council regarding a presentation [...] organisers thought Lena Anderssen was so interesting, they wanted to include her in the opening concert. -“This is of course an acknowledgement and endorsement for both Lena and the Faroe music industry”, confirms

them, the ONS exhibition is among the most important events this year and a great platform to showcase their products and services. They seize this opportunity to meet face-to-face with their clients and [...] and opportunities for growth and increased internationalisation of Faroese businesses. To support this task, SamVit coordinates Faroese participation at international trade fairs. To date, SamVit has organised [...] cooperation with the Faroese Oil Industries Association. 15 companies participate in the national pavilion this year. These companies offer a great variety of services to the offshore industry – from broadband

and this time the exhibition is bigger than ever, with upto 35.000 visitors and covering an area of 18.800 sq m2. -“I am particularly proud of the diversification we have at the exhibition this year. [...] and at ONS. Oil industry -“Faroese are professional, are visible and are present in the industry. This is very good. I have personally had the pleasure of seeing the work Faroese have done to increase [...] event, with many stands and artists”, says Mr Smith. In size, the largest participating companies this time are FMC Technology, StatoilHydro and Cameron, but in respect to turnover General Electric, GasProm

its installation until it is replaced. This means this knowledge does not leave with the staff who originally installed it, but is retained within the system. -This knowledge exists already, but is very [...] company branches or to the individual staff member, and this is not satisfactory in giant oil companies, says the Marketing Director at Keel Solution. This Faroese company has also developed a similar system [...] companies encompass several countries, it may not possible to say a company is Faroese - we will do this anyway. We permit ourselves to call the company, Keel Solution, for a Faroese company. With its head

prospect area. This area is six kilometres south of the Ettrick oilfield, which is currently undergoing a production development phase. Mr Wilhelm Petersen, CEO at Atlantic Petroleum says this well will be [...] some million. Secondly, this is very important for the shareholders and those who have invested in the company. Among them are large companies and the banks in the Faroes and this discovery will be very [...] very important for them. The ring affect 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