Hard Facts About Greenland's Resources Of Oil And Rare Earths
Forbes·2026-01-27 15:15
Danish soldiers walk across the frozen tarmac after arriving at Nuuk airport, Greenland, on January 19, 2026.Ritzau Scanpix/AFP via Getty ImagesOil And Gas: Q1. Is there oil and gas in Greenland? Yes. The best potential for oil and gas is offshore of eastern Greenland. However, in the Southwest basin, 25 wells have been drilled, all dry holes. Several oil majors have held exploration leases, but have since exited Greenland. These include Shell, Eni, Equinor and ExxonMobil. Q2. How much oil and gas could the ...