Orkustofnun has today sent the Norwegian authorities a draft of a licence to the Chinese oil company CNOOC International Ltd., daughter company in Iceland, and Eykon Energy ehf. and requested the formal decision from Norway on participation in the licence. The Norwegian State has a right to participate with an interest of 25 % in the licence involved which is 6,227 sq. km in area. Norway has 30 days to make their decision.
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Orkustofnun recently collected cores from the seafloor of Skjálfandi Bay in order to seek thermogenic gas in the sediments.

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Orkustofnun publishes a report with preliminary results on the litho- and biostratigraphy of sediment cores from the Dreki area.

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The science community, energy companies and Orkustofnun have agreed to devote about ISK 100 million to research on the interaction of water and magma in volcanic roots.  To learn how this interaction occurs and how heat is transferred from the magma into the geothermal systems is key to acquiring a deeper understanding of the rational utilization of geothermal energy. Read more

The Chinese oil company CNOOC International Ltd has decided to participate in the application of Eykon Energy for an exploration and production licence in the Dreki Area. Read more

Progress has been made on the processing of the application by Eykon Energy for a licence for exploration and production in the Dreki Area. Read more

Sigríður Magnúsdóttir, MSc-student in geophysics, will give a lecture on her MSc-project on Monday, April 22 at 14:00 in Askja, room 132. The title of the project is: "Post‐glacial tectonics of the Skjálfandadjúp Basin, Tjörnes Fracture Zone, N‐Iceland".  The project was supported by Orkustofnun.

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The annual meeting of Orkustofnun will be held next Friday from 14:00 - 17:00 in Nauthóll. Orkustofnun has invited two speakers from Norway, Øyvind Tuntland and Finn Carlsen from the Norwegian Petroleum Safety Authority. The presentations by the Norwegians will be given in English, but otherwise the language of the meeting will be Icelandic.

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Orkustofnun, the national energy authority of Iceland, advertises the position of a specialist/project manager in monitoring and surveillance of exploration and production of hydrocarbons.

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UNU Geothermal Training Program is seeking new Managing Director. An independent committee will evaluate the qualifications of applicants.

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Pacifica f. Achieng Ogola

will defend her doctoral thesis:The power to change: creating lifeline and mitigation-adaptation opportunities through geothermal energy utilization today at 14:00-16:00 in the main building of University of Iceland,

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A data layer with information on the areas of licences for exploration and production of hydrocarbons has been added to the Iceland Continental Shelf Portal (ICSP). The Portal gives an overview of the licences and the location of miscellaneous exploration data.
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Economic growth and development of the nation into a modern community with a relatively high standard of living goes hand in hand with its exploitation of sustainable natural energy resources says Guðni A. Jóhannesson, Director General at Orkustofnun in an article published in Future Perfect.

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Orkustofnun has today, in the presene of the Norwegian Minister of Petroleum and Energy, Ola Borten Moe, and Minister of Industries and Innovation, Steingrímur J. Sigfússon, issued two licences for exploration and production of hydrocarbons in the Dreki Area.

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Orkustofnun will issue two licenses for exploration and production of hydrocarbons in the Dreki Area on Friday, January 4, 2013. Licenses will be granted to Faroe Petroleum Norge AS, Branch in Iceland, Iceland Petroleum ehf. and Petoro Iceland AS, on the one hand, and Valiant Petroleum ehf., Kolvetni ehf. and Petoro Iceland AS on the other.

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