Faroe-Shetland Basin

The Faroe-Shetland Basin is a sedimentary basin formed by mainly Mesozoic rifting that lies between the Faroe Islands and the Shetland Islands. It has been the site of hydrocarbon exploration since the 1960s, with many significant oil and gas discoveries, including the Clair oilfield, which had an estimated 8 billion barrels of oil in place before production started, the Schiehallion oilfield and the Lancaster oilfield.

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