Maersk postpones Greenland drilling

Maersk Oil has postponed a decision on whether to drill for oil off the coast of Greenland. 

In an e-mail sent to Offshore Energy Today, Maersk Oil’s chief growth officer, Ebbie Haan, said: “As operator of the Baffin Bay, Block 9 exploration licence, Maersk Oil (and its partner Tullow Oil) agreed with the Greenlandic authorities in late 2014 to extend the first sub-period of the license by two years.”

Furthermore, Haan said that “the extension will allow for continued technical and commercial evaluation of any potential future opportunity before a decision to invest in any further activity is reached”.

Maersk Oil is the operator with partners Tullow Oil (40% interest) and state oil company Nunaoil (12.5% interest), leaving Maersk Oil with a 47.5% interest.

Offshore Energy Today Staff

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply