You are visiting - copyright © 2009 to 2017   All rights reserved                                                                                       Home |  Terms of use  |  Datafiles  |  Contact us  |  Register

Globalshift Limited -                                                                        is as up-to-date as possible but some information may not be the most recent available

Contact Us | Register



Low-Cost Spreadsheets


Buy Excel files - histories and forecasts of production and wells split into any category for all countries and regions

Review files Exploration and Production


The Faroe Islands has no history of production. The first well was drilled onshore in 1981 to determine the thickness of the basalt layer. Three onshore wells have now been drilled, all for purely scientific purposes. They had no expectations of locating oil or gas.

Offshore less than 10 wells have been drilled in the Judd sub-basin of the Faroes-Shetland Basin (West of Shetland basin in the UK) close to the border with the UK. The first well (Marjun-1) was drilled in 2001. It discovered some oil but all the others have been dry.

With lower oil prices drilling is unlikely in the near term. However over the longer term renewed exploration activity could locate commercial oil resources. Globalshift thus forecasts potential oil production from a small area near to the UK border beginning in the mid 2020s. No gas production from the country is expected.

For recent events see News Briefs.


E and P

News Briefs

Faroe Islands

Northwest Europe

Faroe Islands