Out of Round Opportunities – Faroe Islands
The Faroese government would like to draw the attention to the possibilities of Out of Round options in the Faroese area.
There are some large structures, of which the Fugloy Ridge, Ymir Ridge and the Wyville Thomson Ridge, are currently the most promising. In addition there is interesting potential at the edge of the volcanics at e.g. the Mid Faroe High and in the Judd Basin.
The Faroese government is hopeful that the industry will investigate the above mentioned structures and the potentially large quantities of hydrocarbons, which may be held therein.
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