Comments on: Oil exploration licences on sale in Iceland

By: GUS

GUS — Tue, 27 Jan 2009 20:46:14 +0000

CORRECTION: “WHY SCANDINAVIA DOES “NOT” BACK ICELAND TOTALLY?”

By: GUS

GUS — Tue, 27 Jan 2009 20:43:58 +0000

WHY DENMARK AND SWEDEN HAVE JOINED EU?? IF YOU DEFEND THAT IT COULD BE VERY GOOD TO CREATE AN SCANDINAVIAN COMMUNITY, WITH COMMOM CURRENCY AND ALL THOSE CRAZY IDEAS??

BECAUSE YOU DON´T REALLY TRUST EACH OTHER!!

By: U.S. Citizen

U.S. Citizen — Tue, 27 Jan 2009 19:58:13 +0000

I don’t really know a hole lot about Iceland, I just love the name. welp, the dress’es the ladies ware there is bautiful too :) and the ladies too. well anyways, I was just wondering, what all resources does Iceland sell/Export? I know it’s got to be more then just fish. Oil/Gas is so bad of an investment that one oil tycoon here in the U.S., his name is Mr. Pickens I think, He’s getting out of oil and into wind turbines now. I was just wondering, perhaps Iceland might have some kind of ability to do that and sell/export it some how like parts or something. Just thinking out loud maybe.

By: Øystein;Norway

Øystein;Norway — Tue, 27 Jan 2009 17:53:38 +0000

@Gus – time will show . Here is link from os.is:

http://www.os.is/Apps/WebObjects/Orkustofnun.woa/1/wa/dp?id=2347&wosid=5DFJMjdM7py8rmsOY2K6tw

By: GUS

GUS — Tue, 27 Jan 2009 13:48:12 +0000

OYSTEN. WHY SHOULD I DISLIKE ICELAND GETTING MONEY? ONE OF MY THINGS HERE IS ABOUT POSTING IDEAS FOR THIS COUNTRY TO GET MONEY.

I DON´T WANT THIS COUNTRY TO GO WORSE, I WANT IT TO GO BETTER, SOCIAL CHANGES INCLUDED.

THE PROBLEM IS THAT THE SUPPOSEDLY ICELANDIC OIL, MIGHT BE NOT COMERCIABLE AT ALL. THERE IS STILL A LOT TO KNOW ABOUT HOW MUCH THERE IS, AND WHAT KIND OF OIL WE COULD FIND THERE. ( IS IT SAND OIL?)

WE ARE JUST SPECULATING WITH SOMETHING THAT IS A POSSIBILITY. BUT ARE WE GOING TO OPEN THAT BOTTLE OF CAMPAIGNE NOW? NO, OF COURSE NOT, NOT NOW AND NOT IN MANY YEARS.

WHATEVER IT IS THE REASON, THE OIL MARKET IS AT ITS WORST NOW. PRODUCTION HAS BECAME MORE EXPENSIVE AND BENEFITS DRAMATICALLY REDUCED. IT IS JUST THAT OIL ISN´T THAT “GREAT BUSSINESS” ANYMORE. AND NO MATTER HOW MUCH WE NEED OF IT, YOU CAN SEE, PRICES HAVE BEEN ONLY DROPING A LOT… SO
YOU TELL ME…

By: Øystein;Norway

Øystein;Norway — Tue, 27 Jan 2009 13:07:26 +0000

Sorry about a dead url – those who are interessted can evenually start here:

http://www.statoilhydro.com/en/ouroperations/pipelines/pages/pipelines.aspx Snøhvit is far north.

By: Øystein;Norway

Øystein;Norway — Tue, 27 Jan 2009 12:33:08 +0000

@Vilhjalm – they started gas (LNG) production in 2007 – there is only subsea installation, which make that weather is not a problem. Production is ment to last until 2035.

Yes, the costs is huge, but think of the knowlegde. The benefits from trial and error/knowlegde is is very important.

Yo can read more here:

http://www.statoilhydro.com/en/ouroperations/exploratonprod/ncs/snoehvit/Pages/default.aspx

Finnmark is far north, but there is a big focus on the development of the whole region – includiing north of Finland/Sweden/Russia. Of course Finnmark is ment to get benefits from this, but the perspective is much larger.

As a coriocity Hammerfest – the was the first urban settlement in Northern Europe to get electrical street lights – in 1891.

By: Vilhjalm Antonsen

Vilhjalm Antonsen — Tue, 27 Jan 2009 11:15:32 +0000

@Øystein. That’s a huge project. Mostly natural gas, it seems. It has taken 5 years just to build the mainland plant. It looks like they haven’t even started the derricks yet offshore.
And the costs are enormous – “58.3 billion (current money) kr. for field development, pipeline and land plant”. And in that case they can run pipes to the coast. What are the costs if you have to build wells in the middle of the ocean with no land to run pipes too, as is the situation with the Icelandic fields?
Norway can afford it and take a long term perspective. The oil companies will only out invest that amount of money if they get very good profits and long-term leases, and even then, it doesn’t make much sense for them. In southern Iraq you just have to put a shovel in the ground and run a hose to the truck. It would be cheaper to pay the Americans to put their army around the oil fields.
Another reason Norway is doing this is to “support” Finnmark. Part of my family came from the Altafjord, south of Hammerfest. Nobody wants to live there anymore unless there is a good incentive — lots of money from the south. It’s far away from anywhere, there’s nothing to do, very cold in the winter (not like the Florida winters in southern Norway and Iceland), mostly dark for three months a year, and huge nasty mosquitos in the summer.

By: Øystein;Norway

Øystein;Norway — Tue, 27 Jan 2009 08:57:00 +0000

@Fishy – here are some media from StatoilHydro on the Snehvit project west of Hammerfest i Troms/Norway. It did cost money – and even if we like the project or not – it is facinating.

http://www.statoil.com/STATOILCOM/snohvit/svg02699.nsf?OpenDatabase&lang=en

By: Øystein;Norway

Øystein;Norway — Tue, 27 Jan 2009 06:14:08 +0000

@GUS. You may dislike it, but it could even be possible to Iceland to earn a lot of money on Oil/Gas without lifting a finger.