The 4th licensing round in the Faroe Islands

The 4th licensing round of the Faroe Islands will open on 17 May 2017 and will be open for nine months with closing data on 17 February 2018. The licensing area is concentrated on the eastern side of the Faroese Continental Shelf and comprised by more than 160 blocks.

After 15 years of exploration and nine wells with one significant discovery and several with traces of hydrocarbons, we have gathered immensely more knowledge and facts and a mature understanding of our active hydrocarbon system, which increases the possibility of striking the first commercial field. 

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