Watching the World: Don't give up the day job

11/26/2001
A friendly feature of the annual North Sea exploration and production exhibitions, held in alternate years in Aberdeen and Stavanger, has been the presence over the past 10 years of the stand from the Faroe Islands.Their staff have been extol- ling the virtues of their small country and suggesting to anyone who would listen that it could be the next major world oil province.Their enthusiasm was infectious enough for 17 oil companies to apply for 22 exploration licenses in the first licensing round on the Faroe Shelf in February last year. The following Aug. 7, licenses were awarded to 12 companies.It was the mid-1970s discovery by BP PLC of a large oil reservoir in the North Atlantic regi...
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