An unbiased petroleum reserves and sources analysis has confirmed world-class hydrocarbon potential in Greenland’s Jameson Land basin, figuring out greater than 13 billion barrels of potential recoverable oil sources throughout 58 prospects.
The evaluation, carried out by Sproule ERCE for March GL Firm and Pelican Power, estimates 13.03 billion barrels (P10) of gross un-risked recoverable sources throughout the basin’s higher stratigraphic ranges, with extra upside potential in deeper Permian formations. The research ranks Jameson Land among the many world’s most vital undrilled oil provinces.
80 Mile PLC, which holds a 30% curiosity by its subsidiary White Flame Power A/S, is partnered with March GL, which is able to fund and function the upcoming drilling marketing campaign. Preparations are underway for 2 exploration wells scheduled to start in second-half 2026, every focusing on depths of no less than 3,500 m. Halliburton has been contracted to supply drilling companies and logistics, with IPT Properly Options serving as mission supervisor.
“The report marks a serious milestone for Jameson Land and validates its world significance,” mentioned Roderick McIllree, Govt Director of 80 Mile. “Primarily based on the Sproule findings, Jameson now ranks because the thirteenth largest undeveloped oil accumulation globally. With a completely funded U.S. three way partnership associate, we’re able to drill and reply a query that has remained unresolved for greater than six a long time.”
Sproule’s analysis highlights a number of stacked reservoirs, high-quality structural and stratigraphic traps, and important exploration upside throughout the broader license space, masking roughly two million acres in jap Greenland. The findings reinforce Greenland’s rising position as one of many Arctic’s final frontier basins for large-scale oil and gasoline exploration.
