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'Massive Operation': Canadian Driller, Shipper Enlisted to Help Tap Greenland Oil
Greenland Energy's project targets an estimated 13 billion barrels of oil in Jameson Land to boost Greenland's economic independence, with Canadian and international partners involved.
- Texas-Based Greenland Energy Co. is preparing a two-well exploration program in Jameson Land, a remote peninsula on Greenland's eastern coast, set for later this year.
- Chief executive Robert Price likens the basin's potential to Alaska's Prudhoe Bay, discovered six decades ago, with independent estimates suggesting 13 billion barrels of gross oil in the field.
- Calgary-Based Stampede Drilling Inc. and Quebec City-based Groupe Desgagnés Inc. are managing logistics, with Price describing the complex equipment loading as "like playing Tetris" and crews facing a 30-day timeline for the first well.
- Although the Greenland government declared "the future does not lie in oil" five years ago, exploration proceeds under valid pre-existing licenses, with Price saying a resource boom could help 56,000 residents become less reliant on Denmark.
- Operations in the Arctic Circle require complete self-sufficiency as teams work in "complete, absolute wilderness," with project manager Etienne Duchesne noting the east coast faces high winds and waves lasting weeks.
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12 Articles
12 Articles
Winnipeg Free Press+8 Reposted by 8 other sources
'Massive operation': Canadian driller, shipper enlisted to help tap Greenland oil
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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The Toronto StarReposted by 
The Record
The Record‘Massive operation’: Canadian driller, shipper enlisted to help tap Greenland oil
CALGARY
·Toronto, Canada
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Canadian companies play a key role in this effort to exploit this basin. The post A Texas oil company is preparing to operate two wells in Greenland appeared first on Les Affaires.
Coverage Details
Total News Sources12
Leaning Left5Leaning Right0Center4Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 44%
Factuality
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