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Greenland grants exploration and exploitation licences in the Arctic Greenland Sea to three consortia

21 December 2013

The Government of Greenland has decided to grant exclusive exploration and exploitation licences to three consortia in the following four blocks in the Greenland Sea area in North East Greenland:

  • Statoil, ConocoPhillips and NUNAOIL are awarded an exclusive licence to exploration and exploitation of hydrocarbons in the Greenland Sea area, licence bloc 6 (“Avinngaq”)

  • ENI, BP, DONG and NUNAOIL are awarded an exclusive licence to exploration and exploitation of hydrocarbons in the Greenland Sea area, licence bloc 8 (“Amaroq”)

  • Chevron, GreenPex, Shell and NUNAOIL are awarded an exclusive licence to exploration and exploitation of hydrocarbons in the Greenland Sea area, licence bloc 9 (“Umimmak”)

  • Chevron, GreenPex, Shell and NUNAOIL are awarded an exclusive licence to exploration and exploitation of hydrocarbons in the Greenland Sea area, licence bloc 14 (“Nerleq”)

NUNAOIL is the the only national oil company only in the Arctic; it participates in every license on behalf of the government of Greenland.

It is with great pleasure, I note that we were able to attract the largest oil companies in the world to explore for oil and gas in our area. It increases our belief that they are able to find oil and gas in commercial quantities.

—Minister for Industry and Mineral Resources, Jens-Erik Kirkegaard

The closing date for applications in the second round of awards was 15 October 2013. The Bureau of Minerals and Petroleum received 3 applications.

Bilag Tre konsortier

In 2007 the US Geological Survey (USGS) completed an assessment of the potential for undiscovered, technically recoverable (assuming the absence of sea ice) oil and gas resources in the East Greenland Rift Basins Province. The province includes an area of approximately 500,000 square kilometers, most of which underlies less than 500 meters of water offshore east of Greenland between 70° and 82° North.

The USGS estimates that the East Greenland Rift Basins Province contains approximately (mean) 31.4 billion barrels oil equivalent of oil, natural gas, and natural gas liquids.

We recognize that this is a challenging area, but it is also potentially prospective. And we believe that Arctic resources in the future will become important to meeting the world’s energy demand. Being in a frontier area, this licence is a long-term project for Statoil and the company will follow its stepwise approach, not going faster than technology allows.

—Runi M. Hansen, Statoil country manager for Greenland and the Faroes

Licensemap_171012
Petroleum exploration in Greenland. Source: NUNAOIL. Click to enlarge.

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