Asset Report
Greenland Southwest Greenland exploration basin
Report summary
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 The asset report for the Greenland Southwest Greenland exploration basin has been archived.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.
Table of contents
- Key issues include:
-
Yet-to-find potential
- Play inputs - Cretaceous Deepwater
- Yet-to-find costs and underlying development assumptions
- Licensing
-
Fiscal terms
- Prospect economics - Cretaceous Deepwater
- Full-cycle basin economics
Tables and charts
This report includes 19 images and tables including:
- Commerciality index
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Key play characteristics
- Drilling activity by well type
- Cumulative exploration wells by play
- Cretaceous Deepwater
- Summary of discovery and development costs
- Exploration and appraisal spend
- Typical fiscal terms
- TYP value creation, spend and volumes discovered
- Outlook value creation, spend and YTF volumes
- Full-cycle economic analysis
- Frontier methodology parameters
- Key play data
- Unit value of potential discoveries
- Prospect breakeven prices
- Expected monetary value (EMV)
What's included
This report contains:
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