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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, performed 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 can 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 a minimum of 3,500 m. Halliburton has been contracted to offer drilling companies and logistics, with IPT Effectively Options serving as challenge supervisor.
“The report marks a significant milestone for Jameson Land and validates its world significance,” mentioned Roderick McIllree, Government Director of 80 Mile. “Primarily based on the Sproule findings, Jameson now ranks because the thirteenth largest undeveloped oil accumulation globally. With a totally funded U.S. three way partnership associate, we’re able to drill and reply a query that has remained unresolved for greater than six many years.”
Sproule’s analysis highlights a number of stacked reservoirs, high-quality structural and stratigraphic traps, and important exploration upside throughout the broader license space, overlaying roughly two million acres in japanese Greenland. The findings reinforce Greenland’s rising function as one of many Arctic’s final frontier basins for large-scale oil and fuel exploration.
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