Pitch Your Prospect: The Faroe Islands – A frontier area with potential unrevealed giants
With a total of only nine wells drilled the last 14 years large parts of the Faroes Continental Shelf are still unexplored. The risk in this extensive region is high but so is the potential reward. Many areas have big and in some places gigantic structures indicating enormous potential. Hydrocarbons have been discovered, and even though not in commercial quantities yet, they indicate an active hydrocarbon system in the region. The largest challenge is the volcanic cover of the area which complicates the process of understanding the underlying geology, but as we move forward the picture becomes clearer and earlier this year the Minister of Trade and Industry announced that the fourth licensing round for the Faroe Islands will be held in 2017. Please visit us at our booth for more information on our potential.
Meet the Faroese Earth & Energy Directorate on Booth 2 at PROSPEX, Business Design Centre, 9-10 December 2015
Click here to register your place