NUNAOIL A/S is The National Oil Company of Greenland

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The National Oil Company of Greenland NUNAOIL A/S is the national Oil Company of Greenland. It was founded in 1985. The government of Greenland and DONG, the national Danish Energy Company jointly owns the Company. NUNAOIL has a share in all hydrocarbon licenses in Greenland. The Company aims to generate and encourage new interest in oil and gas exploration in Greenland. NUNAOILs approach is, through comprehensive co-operation with the oil industry present in Greenland and information to the local society, to facilitate the operations of the international oil industry.
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New Licence Round offshore West Greenland in 2004 The Greenland and the Danish governments have agreed on a new petroleum licensing policy for Greenland including a Licence Round in 2004 for selected areas offshore West Greenland.

Strategy regarding exploration and exploitation of hydrocarbons in Greenland, 2003 In accordance with the recommendation of the Joint Committee on Mineral Resources in Greenland, the Government of Greenland and the Danish Government in June 2003 approved the new strategy concerning exploration and exploitation of hydrocarbons in Greenland.

About NUNAOIL

New licence offshore West Greenland awarded to EnCana and NUNAOIL The West Greenland 2002 Licence Round was closed on 16 July 2002. Following negotiations in August and political approval by the Greenlandic and Danish governments in September, a licence to EnCana ? a leading independent company ? was signed on October 8 (see Press Release from BMP). NUNAOIL, the national Greenland oil company, is participating in the licence as carried partner during the exploration phase. The licence area covers 3985 square kilometres and is located approximately 200 kilometres west of Nuuk. Most of the licence is within the southern part of the Nuuk Basin, but the easternmost part also encompasses parts of the Atammik Structural Complex (see map). Water depths range from 200 to 1000 metres and no wells have previously been drilled in the area. Results from the Qulleq-1 well, about 50 km south of the EnCana licence, and seismic mapping formed a good basis for selecting the area in the Nuuk Basin. In the Qulleq-1 well, drilled by Statoil in the summer of 2000, a thick, hitherto unknown succession of reservoir sandstones of Santonian age was encountered. In West Greenland, a Cenomanian?Turonian or maybe even older source rock is anticipated to exist in a system of deep connected basins. This source rock interval is expected to be mature in large parts of the Nuuk Basin. The thick sedimentary succession also favours the existence of older source rocks in stratigraphic intervals that remain presently undrilled. Furthermore, large structures are known to be present in the area. Based on stratigraphic evidence from the Fylla area, sealing and timing of generation and migration seem optimal for forming large accumulations.

Nunaoil, founded in 1985, is the national oil company of Greenland. Nunaoil is jointly owned by the government of Greenland and DONG

National oil company provides company profile, news and employment opportunities.
Gronlands nationale olieselskab.

Nunaoil, founded in 1985, is the national oil company of Greenland. Nunaoil is jointly owned by the government of Greenland and DONG

Company details, environmental issues, exploration policy, geology, physical conditions, and seep study. Local Regional and World ≫ North America ≫ Greenland ≫ Resources ≫ Business and Economy

Gronlands nationale olieselskab. Kategori: Regional > Nordamerika > Gronland > Erhverv og okonomi Tilfojet: Jul 21, 2004 Hits: 1 Karakter: 0.00 Antal stemmer: 0

The National Oil Company of Greenland
NUNAOIL A/S is the national Oil Company of Greenland. It was founded in 1985. The government of Greenland and DONG, the national Danish Energy Company jointly owns the Company. NUNAOIL has a share in all hydrocarbon licenses in Greenland. The Company aims to generate and encourage new interest in oil and gas exploration in Greenland. NUNAOILs approach is, through comprehensive co-operation with the oil industry present in Greenland and information to the local society, to facilitate the operations of the international oil industry.

Activities
During the nineties, NUNAOIL as the only Operator concentrated its activities on acquisition of seismic data. From 1991 to 1995, as Operator for seven international Oil Companies under the KANUMAS prospecting license, NUNAOIL acquired seismic data offshore North East and North West Greenland. The KANUMAS group of companies still holds certain rights in these areas. From the mid nineties, NUNAOILs activities were concentrated on acquiring seismic data along the Southwest coast of Greenland, in areas with large structures with a potential for hydrocarbon accumulations. NUNAOIL discontinued its activities as seismic Operator in 2000, where increased interest in Greenland from the seismic industry, made NUNAOILs activities superfluous. After 2000 NUNAOIL has continued to invest in the acquisition of new data which can encourage interest in exploration in Greenland. Data are now acquired in co-operation with the seismic industry and consultants. A licensing round offshore Southwest Greenland was closed in July 2002 and a new license was awarded in October of 2002. The next licensing round is announced to take place in 2004 with deadline for applications October 1st 2004.