olelog

According to the Guardian the oil company Cairn Energy has confirmed that it has discovered gas and oil-bearing sands off the coast of Greenland. The discovery may lead to a change in the relationship between Greenland and Denmark. It is a Greenlandic dream to become economically independent from Denmark, and maybe even on long term a completely independent state, but to reach that goal they need an incredible lot of money.

Greenpeace, WWF and other environmental organisations, however, want the drilling to stop in the fragile arctic environment.

In 2008 USGS estimated the Greenland oil potential to be between 10 and 20 billion barrels of oil - for comparison Denmark’s oil fields in the North sea held around 3 to 4 billion barrels before production began.

• http://www.guardian.co.uk/business/2010/aug/24/cairn-confirms-greenland-oil-find
• http://www.bbc.co.uk/news/business-11068467

In Danish:

• http://politiken.dk/indland/1042810/avis-olieselskab-rammer-jackpot-ved-groenland/
• http://ing.dk/artikel/111229-sumpgas-fundet-ned-til-to-kilometer-under-groenland-men-ingen-olie
• http://www.dr.dk/Nyheder/Udland/2010/08/24/073410.htm
• http://www.dr.dk/Nyheder/Indland/2010/08/24/125836.htm

See also my post on Greenland Oil Exploration