Statoil has been present in the Faroe Islands since 2000. In 2014 two wells were drilled, both turned out to be dry.
Currently Statoil is operator of license 008, with 35% equity. Partners are DONG with 30% and OMV with 30%.
Official name: Faroe Islands
Population: About 49,050
Form of government: Monarchy, self-governing part of Denmark
Currency: Danish krone
Source: Ministry of Foreign Affairs, Norway