rørleiðing. Gassið verður síðani ført víðari til Bacton Gas terminalin í Bretlandi. Avtalað er gjørd við E.ON Energy Trading um at selja gassið vegna Faroe Petroleum. Samlaði parturin hjá Faroe Petroleum er umleið

just the seismic on license no. 11 costs app. D.kr. 200 million and if license no. 9 is taken into account another D.kr. 100 can be added. These are just the amounts used on seismic on both licenses. This [...] company has been the operating company for two dry wells, they are prepared to spend D.kr. 300 million on seismic surveys in two other Faroe licenses. The company is also making its presence felt in Greenland [...] of looking closer at the area. A decision will likely be taken just before the application deadline on the 3rd of November. As it stands it could go both ways”, says Mr Hansen. Q: What are your intentions

operator in Algeria, and are working on establishing a strong consortium as a basis for an application for the upcoming concession round, the first since 2005. On the subject of elephants, we in the Faroes [...] participate in the planned West of Shetland/ Faroes gas hub infrastructure for the off take of discoveries on Sagex’ and other Faroes licences. The short distances should give commercially attractive developments [...] originally registered in Iceland in 2001, with the declared aim of pursuing exploration opportunities on the Jan Mayen Ridge. The Jan Mayen Ridge is a micro-continent with the same geology as eastern Greenland

sole supply base for the oil companies, which have been active in the Faroes. This contract expired on the 14th of April of 2008, so new challenges lie ahead for the Rúnavík Town Council. Largest ever Although [...] the exhibition, the Council has – together with the Tórshavn Town Council – a large cultural event on the quayside in Stavanger, which hopefully will be an eye-opener for a larger number of people regarding [...] own oil consumption. This could soon become an advantage for the Port of Rúnavík. -“From oilfields on the Norwegian side of the border, it takes six hours less to sail to Rúnavík compared to Aberdeen -

Faroese as well as foreign, get the opportunity to strengthen their company on a global level. The Partenariat is mainly focusing on small and medium sized companies within the following industries: aguaculture [...] in a sports hall in Runavík. In addition to the partenariat an exiting and interesting conference is on the programme. The Faroexpo Conference starts Tuesday 21 October at 1 p.m. This year’s the topic is [...] is open to the public and will take place in a modern conference hall in Skálafjørður. See programme on www.faroexpo.fo. Parallel to the partenariat and conference the Municipality of Runavík arranges a

with the oil industry, through operating the oil industry supply base in Rúnavík. The ASB head office on the Runavikar town council’s quayside area, Kongshavn no. 6 in Saltangará, and they employ staff according [...] to use this in a plan to present the company as an offshore subcontractor to oil companies working on the UK side of the border. This certification requires among other aspects, a customer satisfaction [...] satisfied clients and therefore we can use these recommendations to improve our services even more. On top of this Rúnavik is the best natural haven in the Faroes, with its large backup/storage area for

Sales and Marketing manager, Mr Hans Jacob Poulsen explains that the company is growing ever larger on the international market and today the company employs app. 350 people, whereof 50 are abroad. The [...] exhibition. They intend to expand their activity, particularly within maintenance and vessel repairs on the whole north Atlantic area. They are well endowed technically and are also competitive price wise

wells is Marsvin –on the southern Norwegian shelf, bordering Denmark – where they are expected to start drilling in September. Helge Hammer strongly believes in the possibilities on the Norwegian continental [...] scheduled to drill at least six wells on the Norwegian shelf and shoot seismic over several licences. The company is also in the process of becoming pre-qualified as an operator on the Norwegian sector, and in [...] the Atlantic margin, Faroe Petroleum has a lot to offer as a license partner. After only two years on the Norwegian Continental shelf the company has already managed to become a respected player, with

of Tórshavn and their former participation at ONS is largely to support the companies participating on behalf of the Faroes. Another objective is also to market Tórshavn as a town and a supply base, without [...] from Rúnavík, which is the permanent offshore supply base port. The Tórshavn Harbour office is located on the eastern harbour arm in Tórshavn and has thirteen full-time employees, who apart from the whole [...] Tórshavn and 680.000 tons of cargo, pass over its quayside. In general, it may be said that activity on the municipal Port of Tórshavn quayside is the transport of cargo and people, both internally and

twelve on each shift. On top of this, the company’s administration will have to be increased, so the number of staff could very soon reach the 100 mark. Optimistic Two of the vessels are already on long-term [...] vessels. They should be delivered in January, April and July, respectively. Two of them are already on long-term contracts”, says Mr Tummas Justinussen, CEO for Supply Service company. Oil industry Currently