02 Feb 2026

16:33

  • Bitumen 60/70

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    FOB Bandar Abbas - New Steel Drum

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  • Bitumen 60/70

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    548$

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    366$

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    330$

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Home Blog Is Greenland’s Oil Really Worth It?

Is Greenland’s Oil Really Worth It?

codarx

codarx

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Update date: 2026/01/14

Greenland’s long-dormant oil story has resurfaced, once again with US interests at the forefront. Greenland Energy and 80 Mile PLC plan to drill two onshore wells in eastern Greenland’s Jameson Land basin by the summer of 2026, the island’s first hydrocarbon drilling in more than a decade. Independent estimates put unrisked recoverable resources at around 4 billion barrels, with much larger oil-in-place figures cited by project partners. The return of American companies also coincides with renewed US geopolitical interest in Greenland,…

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