Dec 20, 2007

Iceland will offer Offshore Exploration licenses in January '09

The Government of Iceland approved Minister of Industry Ossur Skarphedinsson's proposal to offer exclusive licenses for oil and gas exploration and production in the Dreki Area (the Atlantic, northeast of Iceland, on the Jan Mayen Ridge, between Iceland and the island of Jan Mayen.) The tentative release date is January 15, 2009. International companies have expressed interest in the area.

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