An impartial 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 further upside potential in deeper Permian formations. The examine 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 at the very least 3,500 m. Halliburton has been contracted to supply drilling companies and logistics, with IPT Properly Options serving as undertaking supervisor.
“The report marks a serious milestone for Jameson Land and validates its international significance,” stated 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 companion, 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 vital exploration upside throughout the broader license space, overlaying 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 fuel exploration.
