Oil and gas

The extreme conditions in arctic waters impede oil exploration. Photo: GN.

Assessments suggest there is a huge potential for oil exploitation in the waters off Greenland. To gain a better insight into the geological conditions, international oil companies employ seismic surveys and exploratory drilling within their assigned offshore license areas. Similar investigations are also underway on land (onshore), for example, on the Nuussuaq Peninsula, where the discovery of oil seeps in the nineties sparked an interest for further studies.

 A current list of assigned oil exploration and exploitation licenses can be found on the Government of Greenland’s website www.govmin.gl/petroleum.

The department advises the Government of Greenland on the environmental impact associated with onshore and offshore oil activities.

Updated 03.09.2016