Gunnbjørn Joensen admits the pace has been fierce since they founded the company thirteen years ago, but this is due not least to the many good staff they have acquired, he adds. Two new seismic supply vessels [...] ready. The company is providing offshore services all over the world, so there is nothing strange in this situation. To Aberdeen to meet friends Asked what errands they have at Offshore Europe 2007, Mr Joensen

a lot of excitement in the air this autumn with the drilling of the William well in October and the third licensing round being prepared, and probably announced later this year. ”We hope that the increased [...] cooperation with the Faroese Oil Industries Association. The companies represented at Offshore Europe this year are Atlantic Airways, Smyril Blue Water, Beras, PAM Offshore Service, Thor Offshore, Atlantic [...] Ass. The Faroese Oil Industry Association (FOIA) works to give Faroese companies oppor­tunities in this new industry in the Faroes. The aim is to increase the Faroese companies’ com­petences, and to develop

about 24 hours by sailing to ASB/Runavik as compared with other supply ports. This is important, and at the same time, this means protect­ing the environment by saving fuel and less green house effect. [...] Skalafjord is best suited for this. Transport the oil to Shetland I am of the opinion that oil and gas will be found on the Faroese CS within three to five years, and this is because Chevron has found good [...] oil and gas on the Faroes CS. We are making preparations for the BP exploration “William” well later this year and the challenges ahead of us, says Eli. I would like to use Offshore Europe 2007 as an opportunity

many people employed in connection with the development of the Snøhvit-field – now only four remain. This project is almost com­pleted and the whole installa­tion has been delivered, and subsequently people

rules and regulations in the agreement. This new situation has prompted Mr Mohr, the CEO at PAM Offshore, to turn his eyes towards the British mainland: -“This agreement opens up the option to send people [...] 1st of January 2008, has most likely provided PAM Offshore with another leg to stand upon. Through this agreement, all questionable and doubtful taxation issues ought to be resolved, which should enable [...] under structured and controlled conditions: -“There is a huge demand for labourers all over Europe and this is coming in the wake of the ever increasing wave of senior citizens (More and more are getting older

and Faroes. In the UK an oil discovery was made last year which will be appraised with three wells this summer. Oil production is scheduled for 2008/2009. The three operated licences in Denmark and the

its objectives. Despite this, the well has given positive indications for future exploration. Not least the well drilled a significant thickness of basalt without problems. This was because Statoil invested [...] remaining in the Faroes for hydrocarbon exploration after drilling two dry wells?' Statoil answers this on several fronts. First it is a 30% partner in the exciting Rosebank-Lochnagar Field, discovered [...] companies to improve the technology and drilling speeds required to drill a large thickness of basalt. This research program involved large pieces of Faroe lava being collected and delivered to the USA for

share in Supply Service, and through them we have access to a large amount of knowledge in this field, and this is a great advantage. If we are to establish ourselves in an oil industry, we have to attain [...] They have for example a special duty on NOX. This means that a maximum has been set for how much detrimental waste can come from a vessel. In practical terms, this means that a badly polluting vessel must [...] safer, regarding oil leakage compared to normal vessels, so this is also a demand we ought to consider, says the CEO for Supply Service. In this connection he adds that the vessels currently being built

between Shetland and the Faroes. This contract could also become the door opener for Føroya Tele as a supplier of various telecommuni­cations to a large oil company. This is the largest single con­tract [...] delivering such a service. This is where Føroya Tele comes into the picture, as it is capable of delivering both cables and the services required. It could be asked if not this was a task for British Telecom [...] a contract with one of the world’s largest oil companies British Petroleum or better known as BP. This is a five-year contract and could be close to 100 million kroner writes Sosialurin in its Monday edition

In the Faroes not a single drop of oil has been produced yet, but this situation has not prevented income from large oil revenues. In total the Faroese society has made app. 200 million kroner directly [...] the oil industry, since oil exploration efforts begun seven years ago It pays to explore for oil. This is absolutely clear if you look at the income made by the Faroe society, linked to oil exploration [...] in 2002 they were 22,3 million and during the years 2003 – 2006 between 7 and 9 million. On top of this are duties from the sale of seismic licenses issued to Western Geophysical from 1994-95 gave app.