MAJOR OIL COMPANIES FIGHT FOR GREENLAND CONCESSIONS
December 1st, 2006
BY LARS RUGAARD, in Copenhagen
THERE are high hopes in Greenland for oil wealth of North Sea dimensions as major oil companies embark on new exploration quests in Arctic conditions. This follows discoveries 15 years ago, when scientists found oil seepages at Greenland's Nuussuaq peninsula and ever since reports have been made to the international oil sector of enormous deposits of fossil energy below the ice seas surrounding the huge ice-covered island. Now some of the biggest oil companies have decided to commit resources to turn these reports into saleable ...
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