Faroe Islands may resume oil and gas exploration after decade-long pause

The Faroese Geological Survey (Jarðfeingi) has revised its understanding of the island chain’s geology, raising the possibility of renewed drilling for oil and gas after a 10-year hiatus, the public broadcaster Kringvarp Føroya reports.

No exploration for oil and gas has taken place in Faroese waters over the past decade, but calls to restart drilling have grown louder, according to the report. Niels Christian Nolsøe, director of Jarðfeingi, confirmed that new geological data has altered previous assessments of the region’s potential.

“More wells could be drilled,” Nolsøe told Kringvarp Føroya.

The survey’s findings follow a period of inactivity for the agency, which had not conducted major assessments in recent years. The updated geological models may prompt a reassessment of the Faroe Islands’ offshore energy prospects.