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That is at any rate the view held by the Danish company DONG, which, as a member of The Faroes Partnership, is participating in the drilling of the third exploratory well on Faroese territory. »It is easier [...] savings is that the drilling team has been able to optimise the drilling work as the programme has proceeded »When one drills so many wells, one acquires a thorough knowledge of the subsoil in a specific [...] By Lise Kirkegaard It takes more than a successful exploratory well for a drilling operation on foreign territory to be a success. It also takes integration into and understanding of the local culture

That is at any rate the view held by the Danish company DONG, which, as a member of The Faroes Partnership, is participating in the drilling of the third exploratory well on Faroese territory. »It is easier [...] savings is that the drilling team has been able to optimise the drilling work as the programme has proceeded »When one drills so many wells, one acquires a thorough knowledge of the subsoil in a specific [...] By Lise Kirkegaard It takes more than a successful exploratory well for a drilling operation on foreign territory to be a success. It also takes integration into and understanding of the local culture

world?s oil and gas nations. Quite how this will be achieved is a question that will occupy many minds this winter as oil company geologists and others closely analyse the results of the three-well programme [...] 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

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 [...] Fields which just a few years ago provided at that time insurmountable obstacles and were uneconomic are now almost routine. The North Sea is a mature province but the message the industry is struggling to [...] ended with a year in which the price was down to under $10 a barrel at the beginning at up to more than $26 by the end but hopes were high that the new Millennium would bring new prosperity. A step towards

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 [...] 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 economic and [...] mainland and is generated from waste gases produced as crude oil delivered by seabed pipeline is processed at the terminal. North Sea oil abruptly arrested many decades of decline - and began a remarkable

extracted from Faroese wells. A simple look at a map of the North East Atlantic reveals how close the infrastructure, which is being developed in the North and West of Shetland, is located to the prospective [...] 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 and to the East [...] 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

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

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

There was a great buzz about the place back in 1978. When I arrived first there was a lot of construction work going on; such as earth moving, civil construction work, laying the foundations for a lot of the [...] created a prosperous society that enjoys one of the highest standards of living anywhere in Britain. A unique partnership between the industry and the local authority has secured the islands a steady stream [...] communities, it is worth noting that when oil was first found in the northern North Sea, some 30 years ago, many Shetlanders were not keen to seen the industry arriving. Shetlanders had been living a certain lifestyle