-“Faroese are professional, and just the thought of Faroese food makes my mouth water”, says Mr Kjell Ursin Smith, who among other posts, is the CEO for ONS, when discussing Faroe participation in an oil [...] personally had the pleasure of seeing the work Faroese have done to increase the knowledge on Faroe activities, and it has impressed me”, says Mr Smith, commenting on Faroese participation in an oil industry [...] particular the good food on offer to visiting guests. -“Just the thought of Faroe food makes my mouth water”, says Mr Kjell Ursin Smith. Large diversification ONS has been held 18 times previously and this

under DIS is, as presently, taxed by 0 DKK. III Hydrocarbon Activities According to the special rules governing taxation on hydrocarbon all activities carried out within the Faroese territory relating to p [...] territory, sea bed, subsoil, and the Faroese continental shelf sector) dealing with hydrocarbon activities or activities related thereto, are liable to pay tax to the Faroese Treasury despite the fact that they [...] taxation by levying tax on incomes deriving from hydrocarbon activities within the whole of the Faroese territory. For shipping and hydrocarbon activities alike it my be of significant importance in relation to

the one hand we must develop new services and activities and, on the other hand, increase bed capacity, because demand is surpassing the amount of activities and accommodations on offer for visitors. The [...] And being special means a lot these days where we see tourists looking more and more for special activities and cultural, adventurous or spectacular experiences rather than just lazing in the sun. It seems [...] tourism, there is more unspoiled territory to explore. We Mustn’t Throw the Baby Out with the Bath Water So in a way, the Faroes sell themselves as a tourist destination, but since we have not really developed

With extensive experience from exploration activities in challenging conditions in the Atlantic margin, Faroe Petroleum has a lot to offer as a license partner. After only two years on the Norwegian C [...] name suggests – started in the Faroes ahead their first offshore licence round. . The exploration activities around the Faroe are ongoing, but today the company has its offices in Aberdeen and Stavanger. [...] interpretation of seismic from large and complex structures, sub-basalt conditions and in very deep waters – We are good at this, he says. In Stavanger there is a technical staff of 17, with considerable

industry and to more opportunities. The early development of the Company should be based on the activities on the Faroese Continental Shelf. The shareholder base should be strong and 100% Faroese. The first [...] Furthermore, our partners were committed to pave the way for the Company into oil exploration in UK waters. The partnership was successful in the First Faroese licensing round and was awarded licence number [...] Because the Company will now have its own cash flow it is possible to increase the exploration activities, and offset the exploration cost against the income. It is also possible to take larger steps now

which is the direct gateway to more than forty percent of the people in the Faroes. Oil industry activities The objective for the participation of the Port of Tórshavn and their former participation at ONS [...] shortly. With round the clock security, all required facilities, and bunkering options for fuel, water, provisions, etc., the Port of Tórshavn is an excellent solution, when oil exploration activity begins

the people of the Faroe Islands have been herding migrating pilot whales from the sea into shallow water and slaughtering them. The slaughter, known by the Faroese term 'grindadráp' or 'grind', wipes-out [...] tactics to investigate, document, and take action when necessary to expose and confront illegal activities on the high seas. By safeguarding the biodiversity of our delicately-balanced ocean ecosystems

as construction, post and telecoms, water, food and drink manufacturers and more than four times safer than mining and safer than recreational and sporting activities. The industry continued to thrive through [...] ?world class? prospects in their waters which are being talked about by the normally cautious oil companies. The drilling has been a long time coming in Faroese waters but momentum is building in what [...] recognition because of the oil industry and the challenge for the Faroes, if oil is discovered in its waters, will be to capitalise on the opportunity yet retain the unique charm of the islands. Aberdeen and

appreciation of the mechanics of Oil exploration and exactly what progress has been made in Faroese waters. And one can only be impressed by the preparations that have already been made. To take one example [...] who have an Embassy as a link with their homeland and a base for social functions and cultural activities. In this context the sight we hope to see soon of the Faroese flag flying in Sloane Street takes

reasons meant that we have been, and still are heavily dependent upon fisheries and other marine activities. As a fisheries dependent country, we have an urgent need to diversify the economy. We have seen [...] already get almost half of the power for our electricity consumption from rene­wable sources, from water and wind turbines. On the other hand we use great amounts of oil on land on heating and in cars, and