Greenland Energy Plans 2 Wells in Greenland Despite Permit Denials
Updated
Updated · The Guardian · Jul 9
Greenland Energy Plans 2 Wells in Greenland Despite Permit Denials
3 articles · Updated · The Guardian · Jul 9
Summary
$60 million-backed Greenland Energy says it will ship 300 containers of drilling gear on 12 September and start drilling in October, even though Greenland says no active exploration or preparation permits exist.
The Texas company aims to earn a majority stake in Jameson Land licences held by UK-registered 80 Mile, betting two wells could help prove reserves that Robert Price says may be worth $1 trillion.
Greenland halted new oil exploration licences in 2021 on environmental grounds, and the planned wells sit in a Ramsar-protected wetland that experts say supports key bird populations and muskoxen.
The project has become politically charged because Trump allies have tied Greenland's oil potential to US control of the territory, while Greenland's minister and local leaders warn the company's public claims overstate its permissions.