Drømmen om olien

Translated title of the contribution: Dreams about Oil on the Faroe Islands

Árni Jóhan Petersen*

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review


The ignition of the Faroese oil dream came in September 1992 when the Faroese Prime Minister Atli P. Dam returned to the Faroe Islands from a negotiation with the Danish Government and the Danish Prime Minister Poul Schlüter with an agreement stating that the subsoil and potential resources would transfer from Danish to Faroese affairs. Today, 28 years later and after nine oil exploration drillings in the Faroese offshore subsoil, oil in commercial quantities for further development and production is yet to be found. However, the oil dream has affected the Faroese society where great socioeconomic changes have occurred. This article tells the story about the dream that changed the Faroe Islands. The article arrives at a conclusion and a discussion of how this dream fits into the contemporary expectations of the future.
Translated title of the contributionDreams about Oil on the Faroe Islands
Original languageDanish
JournalØkonomi og Politik
Issue number4
Pages (from-to)61-72
Number of pages12
Publication statusPublished - Dec 2020

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