Iceland

Iceland's National Energy Authority and the Ministry of Industry organized an exploration conference Sept. 4-5 in Reykjavik.

By OGJ editors
HOUSTON, Aug. 13 -- Iceland's National Energy Authority and the Ministry of Industry organized an exploration conference Sept. 4-5 in Reykjavik in advance of the planned January 2009 tendering of licenses on the Jan Mayen ridge in the North Atlantic between Iceland the Jan Mayen Island (OGJ, Jan. 7, 2008, Newsletter).

Speakers will discuss geological aspects and taxation and other fiscal issues.

Seismic surveys and other geophysical measurements indicate that producible quantities of oil and gas could be found in the Dreki area as they have been in adjacent and geologically similar areas.

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