The Government of Greenland’s current strategy for oil and gas is valid from 2020 – 2024.
The primary goal of this strategy is to set attractive terms for oil companies to kick-start a new round of exploration.
This is mainly by:
- Opening large parts of Greenland for licensing with a new attractive government take model
- Gathering new geological and geophysical data
- Active marketing through conferences, events and meetings
An overview of the stages and initiatives in the strategy can be seen below.