sandblasted and painted. The Thor Alpha is 55 metres long and will cost in the region of DKK 76 million. The sister vessel, which is expected to be ready in mid-September next year is expected to cost app [...] mid-November 2007, the new seismic supply vessel “Thor Alpha” is set to join the fleet and in the autumn of next year a sister vessel, which has not yet been named will join. The hull of the Thor Alpha was [...] Gunnbjørn Joensen says the Thor Alpha will set course directly for Mexico when it is ready. The company is providing offshore services all over the world, so there is nothing strange in this situation. To

Which country shall receive the tax revenue? The country where the pension receiving person lives or the country in where the pension fund is located? This is just one of the many questions which must be [...] between the Faroes and the UK. A dual tax agreement has now finally been agreed between the two countries, and this will probably increase the interest to work and operate in the Faroes The issue is very [...] there is nothing as unclear as taxation systems, and when considerations have to be taken regarding the tax systems in two countries, the chain has simply come off the bike. This is the situation the int

derrick can prepare for the next drilling operation. This reduces the halts in the drilling operations and is expected to increase the drilling efficiency compared to conventional drilling rigs. West Navion [...] several oil companies since delivery in Feburary 2000 and has experience from some of the most sensitive and harsh environment areas in the world. The vessel has worked in a range of water depths from app [...] area was well selected. West Navion is one of the newest and most advanced drilling unit of its kind. The drilship complies with the strictest regulations concerning the natural environment and extensive

have more women participate in politics. Even if female representation in the Faroese Parliament is just 9%, 0% in local government and 23% in town councils we believe that it is possible to reverse this [...] if she is successful in her endeavour to become the first female President of the United States or not, she has already become an inspiration and role model for women all over the world. It is women like [...] inspire and show us the way out of the unequal situation dominant in our society. We do hope that such a visit may become possible in the future! Yours sincerely Demokratia Demokratia is a committee appointed

participate in the oil exhibition ONS. This time the Tórshavn Town Council will cooperate with the Rúnavík Town Council regarding a presentation in the pavilion on the harbour in Bergen. The harbour environment [...] It is not just a Faroe oil industry participating at ONS in Bergen. The international oil world will also be given the opportunity to experience Faroese culture. For the third time in secession the Tórshavn [...] with the same name, creates Nordic clothing based on a conceptual approach to the process, where experiments with forms provide the setting for the visual motive in the design. Malan á Lofti is a young

suitable time frame is negotiated between the license holders and the Faroe Petroleum authorities. In addition, the annual acreage payment, which is a fee the license holders have to pay for the licensed area [...] ensure the work is conducted in a sensible manner – both from a public viewpoint and from the viewpoint of the license holders. We must continually remind ourselves that the Faroe society and the oil industry [...] succeeded in becoming part of the international oil industry. As this oil exhibition gets off the ground in Stavanger, Faroe industry is a part of the exhibition and are offering their services. From the authority’s

by helicopter. Early in the year 2003 you can travel from the airport to Tórshavn via the new tunnel between Vágoy and Streymoy in about 40 minutes. The airport is managed by the Civil Aviation Administration [...] Administration under the Danish Ministry of Transport. The runway is 1,250 metres long and 30 metres wide and is positioned in a security zone of 1,370 x 150 metres. The runway is asphalt and grooved sideways [...] Vagar Airport, the airport in the Faroes, is located on the island of Vágoy. Regular bus and ferry connections are linked to scheduled arrival and departure flights. The trip to Tórshavn takes 1 hour and

opportunities in the future. - - - - Regarding a coming oil industry, it is immensely important that our government is in full control over all recourses in the Faroese subsoil. We are aware that the day oil [...] fact amongst the best educated in the world, and of the Nordic countries only the Finnish population actually has a higher degree of education than the Faroese. Infrastructure is good with sub­seatunnels [...] con­necting six of the islands whith over 80 % of the population. More­over, the IT penetration is near 100 %. We are now about to undertake significant investments in the Vagar airport both with the aim to modernise

Faroeyard in the offshore industry is the delivery of two support vessels for the shipping company Thor in Hósvik. The first, the Thor Alpha was delivered in February of 2008, and it went straight to the Gulf [...] geographical location is one of the foremost reasons for us to present ourselves to the offshore industry. The sailing distance to the Faroes is short from most oil areas in the North Sea, in some instances even [...] established in 1986. In 1986, Vestmanna Skipasmiðja was acquired by the shipbuilding yard in Tórshavn, and in 1997, Skála Skipasmiðja joined the group. All the pieces slowly begun to come together, and in 2004

of 40 %. In Norway Sagex has an interest in two licences in the Norwegian Barents Sea, and one in the Norwegian Sea. In Denmark the company is operator for one licence in the North Sea. On the UK Continental [...] . It is one of the last unexplored regions with great potential. The staff in Sagex has decades of considerable expertise on the Jan Mayen Ridge. When the Icelandic part of the Jan Mayen Ridge is opened [...] Shelf, Sagex is partner in a discovery in 2006 through its 10 % share in the Causeway field, with planned production start-up at the end of 2009. The company has recently also acquired a share in a West of