Greenland Southwest Greenland exploration basin
The Southwest Greenland Basin remains a highly under-explored frontier area. Greenland’s government has stopped issuing new licences for oil and gas exploration. It believes the economic and environmental costs of oil extraction are too high. The country will instead focus on attracting investment to unlock its renewables potential. The most recent drilling activity was carried out in 2011, however all of these wells were dry holes. The asset report for the Greenland Southwest Greenland exploration basin has been archived. A comprehensive update will be carried out if and when activity necessitates it. However if the basin is of interest to you, please contact us using the analyst details linked to this report and we will share Wood Mackenzie’s latest views and information.