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>

<< Oct 2019 >>
MTWTFSS
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

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

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