August 28, 2008

Icy oil and gas coming soon

It seems that producible quantities of oil and gas can be found in the Dreki area of Iceland (in the Atlantic, northeast of Iceland on the Jan Mayen Ridge, between Iceland and Jan Mayen Island), and the Icelandic government is inviting experts and specialist in geology and oil exploration (as well as oil/energy companies) to attend its Iceland Exploration Conference next week.

The government plans to start tendering exclusive licenses for oil exploration in the Dreki area in January 2009.

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