Country Report
Faroe Islands upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Faroe Islands have no history of commercial oil and gas production, but are working to establish an upstream industry. In 2019 the 5th licensing round will be held to coincide with the UK's 32nd offshore licensing round.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Geology
-
Introduction
- Geological evolution
- Faroe-Shetland basin
-
Introduction
-
Exploration
-
Licensing
- Duration
- Relinquishment
- 2019 licensing round
- 2017 licensing round
- Historical licensing
-
Drilling
- Drilling activity
- Onshore
- Offshore
- Historical onshore activity
- Historical offshore activity
-
Licensing
- Reserves and resources
-
Production
- Liquids and gas
-
Infrastructure
- Oil infrastructure
- Gas infrastructure
- Future Projects
-
Policy and regulation
- Key legislation
-
Regulatory body
- Regulations governing hydrocarbon activities
- State oil company
- State participation
- Licensing
-
Fiscal terms
- Overview
-
Current fiscal terms
- State equity participation
- Bonuses, rentals and fees
- Indirect taxes
- Special Petroleum Tax (SPT)
-
Historical background
- 1990s
- 2000s
Tables and charts
This report includes the following images and tables:
-
Key facts: Table 1Country mapMap of Faroe Islands acreage
-
Drilling activityFiscal terms: Table 1GEM models
What's included
This report contains:
Other reports you may be interested in
Country Report
Maritime Canada upstream summary
Asset divesture. The province of Newfoundland and Labrador is reportedly evaluating the potential divestiture of select upstream ...
$4,080
Country Report
Alaska upstream summary
Alaska's oil production peaked at two million barrels a day in 1988 but has been steadily declining since to just over 500,000 b/d ...
$6,480
Country Report
Saskatchewan upstream summary
While historically overshadowed by Alberta, Saskatchewan's slice of the prolific Western Canadian Sedimentary Basin has attracted a ...
$4,080
