287million might be recoverable over a 24-year period. Depending on how Phase-1 works out, further development is possible, with a recoverables target of 400mmb, though there is informal talk of more than 500mmb [...] Offshore Faroes 2003 JEREMY CRESSWELL . Not only is it a lifeline to Sullom Voe, getting this giant of a field onstream will be the end of a 27-year haul, given that Clair was located west of Shetland [...] t has been shelved at least once. But now the project is unstoppable, with construction past the halfway mark and apparently on track. Clair is a monster in more ways than one. It?s not just huge (220sq

Faroese connections to a function at the Danish Embassy in London where he is based. A chance for John to meet members of the Faroese community and also for them to get to know him. A wonderfully varied programme [...] place as an ?Ambassador? there is a sense that the Faroese have finally achieved the same status as other nationalities who have an Embassy as a link with their homeland and a base for social functions and [...] since the Second World War. Sofus has now stepped down after over 50 years in Aberdeen to hand over to John. He became established almost as a towering landmark on the North East Coast of Scotland to whom

October. Drilled to a total depth of 4275m, the well encountered hydrocarbons but not in sufficient quantities to justify a drill stem test and so was a disappointment. Just now, Agip is drilling the 164/27-1 [...] frontier concessions awarded in the recent 17th licensing round is a prospect known as Fles Nord. This is thought to harbour large gas resources and is therefore of particular interest to Norsk Hydro, which also [...] wasted a considerable amount of shareholders? money as a member of a partnership lead by Mohave that drilled the Lusitania Basin - Aljubarrota prospect in 2000 and again in 2001. The adventure proved a commercial

uttan Happy Xmas (War is Over) hjá John Lennon og Y oko Ono og Last Christmas hjá Wham. Men á fløguni eru eisini fleir aðrir góðir gamlir jólasangir, sum til dømis Santa Claus Is Coming to Town, Christmas [...] Las Ketchup við The Ketchup Song, Celine Dion ? I´m Alive, Elvis vs. JXL ? A Little Less Conversation, Atomic Kitten ? The Tide is High og The Calling við Adrienne. Fløgan hevur 20 skeringar og um tú ikki [...] onnur Now fløgan í røðini komin, sum so einkult eitur Now 2 ella sum onkur kallar hana Now, That´s What I Call Music! 2. Við á hesi fløguni eru teir nýggjastu sangirnir, ið hava plága hittlistarnar seinastu

brink of a new industry in the Faroese context. Today we have three exploration wells behind us and a lot of experience which I am looking forward to hearing more of over the next days. There is another [...] first say that my general impression is that the activities on the whole have been carried out in a satisfactory manner. However I still think that this conference is a good forum for dialog between the parties [...] subjected to intense studies over the coming months. If we see hydrocarbon production on the Faroe Shelf in the future, the local industry will also face a new challenge with a marked increase in activity

on of the Sullom Voe Oil Terminal much beyond what we have originally envisaged. It is the first piece of fixed infrastructure going out west. There is a lot of exploration going on to the West of Shetland [...] the Terminal is operated by BP Amoco on behalf of 30 oil company partners, ? An annual rent is paid to Shetland by the oil industry for the land on which the oil terminal is situated, ? A Shetland Islands [...] considerably higher than what they are on the Scottish mainland, ? Shetland has a drug and alcohol abuse problem, evidence of a society where the almost unlimited access to wealth is turning against its citizens

repositioning itself as a fully integrated exploration and production (E&P) company with a focus on active exploration. Roots Gas is another recently formed E&P company which is concentrating on buying [...] investments. One factor that is encouraging is that the industry appears to have a closer relationship with the current UK government that at any time in the past. This relationship is the envy of many overseas-based [...] services company which is looking to expand around the world and which is also more likely to acquired than be bought over. The record of expansion saw the share price double in a year prior to the pos

time display is man made - and serves as a powerful symbol of the impact oil has had on the Orkney Islands. A huge orange flame has blazed above the Flotta Oil terminal for almost a quarter of a century now [...] wanted to give Orkney a gift - and what better than a piano. Today, as the islands prepare to look back on 25 years of living with the oil industry, that Steinway grand piano is still being played. It [...] Orkney benefited from becoming a major oil port. Essentially, a range of payments is made to the islands council, which invests the money for the greater good of the community as a whole. They have funded many

uneconomic are now almost routine. The North Sea is a mature province but the message the industry is struggling to transmit, particularly to the young, is that it has a long and valuable future and offers excellent [...] Argyll Field and by 1978 production had reached a million barrels a day. Aberdeen was enjoying unprecedented prosperity with hotel rooms at a premium and hardly a seat available in the rapidly increasing number [...] Rear window stickers appeared in cars all over the city pleading with the Almighty for a second oil boom and promising, in less than reverend terms, not to waste a second opportunity. The second boom, albeit

conditions. A cautious Elttur said: ?The success of this well is very important for the Faroe Islands as a future oil province, even if we do not at this moment of time know whether the find is commercial [...] make a real difference to the next year?s campaign by other consortia, including the Agip and Foroya Kolvetni (FK) partnership. This is a particularly important time for FK in that, though it is largely [...] average. The trick now is to multiply that success several times over during the next two to three years, convert the discoveries into commercial projects and guarantee the islands a place among the world