Questions and Answers

Questions and answers relevant to the licensing round will be posted here on a weekly basis for the duration of the round.

23 March 2012

Question:

NEA has received an inquiry from a potential participant in the round on whether NEA is aware of parties that seek cooperation with other potential participants, with the possibility for a joint participation by the parties involved in mind.

NEA has received another inquiry on whether NEA is aware of the willingness by potential participants in the round for cooperation with other possible licensees after the closure of the round, and thus whether NEA would consider mediating such wishes or ideas between interested parties.

Answer:

NEA does not share information on potential applicants nor on the interest by individual companies. Further, information in applications is kept confidential. However, NEA considers it possible to mediate such information between parties, in confidence, if that is so requested by the parties involved, before or after the application deadline. A decision on granting licences to participants, one or more jointly, would presumably take such cooperation into consideration.


21 March 2012

Question:

Does a party need to be registered in Iceland in order to participate in the second licensing round in the Dreki Area?

Answer:

No, it is sufficient that the requirement be met prior to the issuing of the licence, cf. Paragraph 6 of Article 2 of Act No. 13/2001, as there the Licensee is defined as a legal entity registered in Iceland who has received a licence for exploration and/or production of hydrocarbons. An Icelandic branch or agency of a company registered in a State party to the Agreement on the European Economic Area, in a State party to the Convention establishing the European Free Trade Association or in the Faeroe Islands, constitutes a legal entity registered in Iceland.


6 February 2012

Question:

Is it possible to get access to more detailed bathymetry data from the multibeam survey by the Marine Research Institute than a 50 m grid?

Answer:

Yes, please email thorarinn.s.arnarson (at) os.is and give the coordinates for the area of interest.