Faroe-Shetland Basin
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The Faroe-Shetland Basin is a sedimentary basin formed by mainly Mesozoic rifting that lies between the Faroe Islands and the Shetland Islands.[1] 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,[2] the Schiehallion oilfield and the Lancaster oilfield.
The Faroe-Shetland Basin is a SW-NE trending rift basin that is divided into several sub-basins with intervening ridges and highs. The geometry is less clear on the northwestern side of the basin due to the presence of thick Late Paleocene flood basalts. Even where the lavas are absent the development of large sill complexes makes seismic imaging at deeper levels difficult.[1]