William Prospect with BP as operator is set to spod later this year. It will be interesting to see what the William well might uncover. In the meantime the Faroese can take some comfort in the fact that [...] success. This could mean a lot to the prospectivity on the Faroese side and it will in any case mean that an infrastructure will be located close to Faroese waters which again could lower the economic threshold
is not calculated as an income for the Faroe society. It is all a question of definition”, Mr Joensen points out. He stresses that the overview is only intended to highlight what incomes the various posts [...] oil exploration in one way or another. Or more correctly, if we just look at part of these incomes. An overview compiled by Jarðfeingi shows that during the period from 2000 to the awarding of the first
There is, and there will be an ever increasing requirement from the oil companies for telecommunications, which is not being met today. For Faroe telecommunication companies an oil industry west of Shetland [...] became a natural part of the dialogue. It is quite clear if we look ahead and at the development of an oil production west of Shetland in general, that it may become a reality to link future oil producing [...] Shetland and close to the Faroe border could be worth its weight in gold. Change routines So then, what can oil companies save by cooperating with a Faroe telecommunications company? According to sources
control such a demand if an oil industry emerges. – I am not saying that such a demand is right or wrong, I am just saying that we should think carefully so we do not create an inflexible system, by imposing [...] 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 the same competence levels as our rivals. If we are not competitive [...] dollar everything revolves around. In any case we ought to impose very stringent demands regarding what equipment is permitted into Faroe waters to operate. – We ought to do as the Norwegian do and set
locations. However in the Faroes offshore, an unexplored frontier area, a large area remains more speculative between these data points. To gain better insight to what these areas may contain, Statoil, Jardfeingi [...] Faroes. In 2006 Statoil and its partners did drill the Brugdan prospect in the Faroes (well 6104/21-1); an analogous structure to Rosebank. The well was abandoned due to bottomhole problems and time constraints [...] small amounts of hydrocarbons. Together with radar, satellite and sea bed cores they suggest at depth an active hydrocarbon system . Therefore with only five wells drilled into the Faroes offshore area, four
the offshore industry, fishing, and cable and pipe-laying. They have established themselves to such an extent within the offshore industry, that they deliver services to the world’s largest seismic companies [...] 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 says they first and foremost go to meet cooperation
might be just that: a new frontier – an unspoiled treasure. People are becoming aware of that. Tourism is now the fastest-growing industry in the Faroes. But what’s so attractive here on this rain-ridden [...] truly a land of contrasts: romantic and dramatic – a modern society, in an unforgettable timeless setting. The New York Times published an article about The Faroe Islands by the journalist Stephen Metcalf on [...] as our strongest industry – especially if we focus on the right themes in our marketing: As an example – an English research paper concludes that if you eat fish you get smarter babies. Recently a scientific
Faroese travel industry needs to start thinking of the Internet as an integral part of their marketing strategy and show the world what they have to offer. At the moment, a wealth of information is out [...] turned into a strength. The Irish simply realised the potential of what they could offer and they soon started utilising these strengths. As an example, Irish folk music and dance, which once was heard and [...] seen only in the country, are now lucrative global industries. But what exactly did they do? In 1987, the Irish Government started an economic reform in which corporate taxes were reduced from 33% to 10%
welcome to the Faroes. That you have taken the time to come to our tiny far-flung country is a sign that what often seems impossible is possible, if just the will, ability and effort are present. You will know [...] 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 her who remind us that it
share a common vision in the potential of the Faroese and what could be their amazing destiny. Many of my colleagues have visited the Faroes, liked what they saw and returned to their distant shores to await [...] trait of the Faroese that I have found most intriguing. Surrounded by not much of anything except what their wits could claim from the sea, they have managed to produce a most remarkable society and at [...] terrestrial television (DTT). After analogue TV was shut down in the Faroes, a local company launched what is reputedly the world’s first commercially viable DTT system. The company does not boast a staff
