FAEROES ISLANDS

(in North West Europe)

CAPITAL: TORSHAVN

POPULATION: 0.1 mm

AREA (on): 1,400 km2

OIL PEAK: 2017 (forecast)

SUPPLY

The Faeroes has no production but, lying adjacent to the UK West of Shetlands province, it has the potential for medium-sized oil fields and is now being explored. It is forecast that production will begin in 2013 rising through to 2020 although delays are very possible.

No gas production is forecast in the period and the Faeroes has no onshore potential.

 

DEMAND

With its small population the Faeroes consumes very little oil and no gas. It will be a net exporter of oil once it starts to produce.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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