The new Minister of Petroleum, Bjarni Djurholm, has decided that petroleum affairs shall be organized as an administration under the Ministry.
The former Permanent Secretary of the Ministry of Petroleum, Heralvur Joensen, has taken up position as Permanent Secretary at the Ministry of Fisheries and Maritime Affairs.
Siguro i Jakupsstovu has been appointed head of the new petroleum administration. Siguro i Jakupsstovu is also Director of the Faroese Geological Survey and will function as director of both the Geological Survey and the Faroese Petroleum Administration.
The name of the new administration is "Faroese Petroleum Administration", a name that will sound familiar to those who have followed the development in Faroese petroleum exploration over the years as it is the name that petroleum affairs were governed under initially.
The Faroese Petroleum Administration will be responsible for all administrative tasks related to petroleum exploration on the Faroe Shelf and will be the focal point of contact in these matters.
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