Faroes planning for exploration return

Authorities in the Faroe Islands are hoping that higher oil prices and more detailed data will help lure oil and gas companies back to the Mid-Atlantic Ridge area for a new licensing round next year.

Faroese optimism: Niels Christian Nolsoe (left), director of the Faroes Geological Survey, and Poul Michelsen (right) Faroes minister of foreign affairs and trade.
Faroese optimism: Niels Christian Nolsoe (left), director of the Faroes Geological Survey, and Poul Michelsen (right) Faroes minister of foreign affairs and trade.
Published 31 August 2016, 10:18Updated 31 August 2016, 13:40