Nunaoil

Nunaoil is the national oil company of Greenland founded in 1985 as an equal partnership between the Greenland Home Rule Government and DONG Energy It is a non paying partner in all licenses around Greenland. It handles oil exploration, while import of oil for local need is handled by Nukissiorfiit.

Nunaoil
state-owned
IndustryOil and gas
Founded1985
Headquarters
Nuuk
,
Greenland
Key people
Hans Kristian Olsen (MD)
ProductsPetroleum
Natural gas
OwnerGovernment of Greenland
Websitewww.nunaoil.gl

During the 1990s the company was primarily involved in collecting seismic data as operator of a group of international oil companies in the regions of North East and West Greenland. It then switched its focus to gathering seismic data along the South West coast of Greenland, mapping large potential hydrocarbon trapping accumulations. As of 2000 Nunaoil has stopped acquiring seismic data as there has been sufficient interest by the seismic industry as a whole in undertaking this task.

It has also been involved in the licensing rounds off the west coast of Greenland[1] by Baffin Bay where it holds a minimum of 8.5% stake in all the blocks that have been licensed in the recent West Disko round.

In 2006 DONG Energy sold its shares in Nunaoil to the Danish State.[2][3] According to the Act on Greenland Self-Government which came in force on 21 June 2009, the Danish State transferred its stake to the Government of Greenland.[4]

See also

References
  1. "MINEX news" (PDF). GEUS. 1992.
  2. "Annual Report 2006" (PDF). Nunaoil. Retrieved 2007-12-16. Cite journal requires |journal= (help)
  3. "Annual Report 2006" (PDF). DONG Energy. Archived from the original (PDF) on 2007-11-08. Retrieved 2010-10-23. Cite journal requires |journal= (help)
  4. "The Greenland Self-Government Arrangement". The Prime Minister's Office. Retrieved 2010-12-31.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.