On 17 May this year, the 4th Licensing Round of the Faroe Islands was officially opened at a public meeting in Tórshavn by the Minister for Foreign Affairs and Trade, the Honourable Poul Michelsen. Oil Companies are therefore now able to apply for offshore Exploration Licenses for the blocks on offer. The closing day for the round is 17 February 2018.

For more information on the licencing round, please find the 4th Licensing Round of the Faroe Islands in the right side.