Greenland Gas & Oil (GGO) is looking for a farm-in partner for its onshore Jameson Land acreage in East Greenland, consisting of three licences - 2015/13, 2015/14 and 2018/40 (totalling over 8,000 sq km) â which have the potential to hold Pmean (un-risked) recoverable resource volumes of 3.5 Bboe across 50+ leads and prospects. The company intends to drill up to four exploration wells, starting in 2021, which are each targeting potential recoverable resources in excess of 500 MMboe across multiple objectives. The planning process for the wells has been completed and an experienced arctic drilling contractor has been identified. In terms of expenditure, a four-well programme is estimated to cost around USD 125 million, two wells would be approximately USD 75 million and a single well would come in around USD 40 million. Farm-in terms are negotiable (GGO holds a 100% interest in each of the licences) and more information may be obtained by using the contact details below.   The geology of East Greenland is analogous to Norway's Norwegian and Barents seas and a working hydrocarbon system has been confirmed, with oil and gas seeps and bitumen shows having been identified in and around the licenced area. The presence of these surface hydrocarbons, together with basin modelling studies, suggest the presence of at least three working source rock systems (oil prone and mature).   The GGO licences are covered by 2D seismic data, which was acquired by ARCO in the late 1980s and reprocessed by GEUS between 2015 and 2017, and a full tensor gravity survey was acquired by GGO in 2017. From these data, a NE-SW trending Triassic rift event has been identified and depth to Basement has been confirmed, with sediments in the Mesozoic (up to 8 km) being much thicker than previously assumed. Prospectivity has both structural and stratigraphic elements and eight possible reservoir horizons have been modelled, with the greatest potential seen in the Upper Permian Wegener Halvo carbonates, the Permian / Lower Triassic Gipsdalen sandstones and the Upper Triassic / Jurassic Kap Stewart sandstones.   For more details on the farm-in please contact:   Mark Bilsland - CEO   Greenland Gas & Oil Limited   +44 (0)207 907 9325   mark@greenlandoil.com
Greenland Gas & Oil (GGO) is looking for a farm-in partner for its onshore Jameson Land acreage in East Greenland, consisting of three licences - 2015/13, 2015/14 and 2018/40 (totalling over 8,000 sq km) â which have the potential to hold Pmean (un-risked) recoverable resource volumes of 3.5 Bboe across 50+ leads and prospects.