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

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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

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for our service is that the oil companies working in the Faroes can turn to a single subcontractor, who is in a position to deliver everything they require and want. This eliminates the need for companies [...] long as the drillings are only 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 [...] Beras has only existed since 2001, the mother company P/F Teymavirkið in Rúnavík, has been delivering equipment to the Faroe fishing industry since 1961. The goal of Beras is to deliver all perishables and

are the winners of the Embla Food Prize During a grand award ceremony in Oslo, the Embla Food Awards 2021 was handed to the best people and companies within the Nordic food scene. The best in the Nordic [...] Kirsebærvin, Denmark The winner is a producer who organically makes a product which is sought after in the most prestigious restaurants in Europe. Trying new innovative ways to maximise the harvest and using [...] living on the edge. The food is prepared and adjusted the special dietary needs of the homeless people. The project has many social dimensions: Homeless people, young people who gets ready for the labour

The main organiser behind the Faroese National Stand at Offshore Northern Seas 2008 (ONS) is the public organisation SamVit – Faroe Islands Enterprise, which is a new organisation resulting from the merger [...] merger between the former Tourist Board and the Trade Council. SamVit is to carry out the chosen national trade policy. The main functions of the organisation are to encourage innovation and enterprise [...] colleagues at the stand as well. Faroe Islands is in an excellent geographic location to become a natural supplier of goods and services for the exploration and production on the shelves around us. In addition

swift. The company has today ten people employed. Five in the Faroes and five in London. The company is also a partner in several licenses in UK waters, whereof some are already producing oil. The company [...] –“This is without doubt very important for the company”, says Mr Wilhelm Petersen, CEO. The largest oil company y in the Faroes, Atlantic Petroleum is truly flying once again. On Friday, the company announced [...] 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 important for them. The ring affect from