13/03/2015at 10:34

Cairn Energy makes impairments on fields in Greenland

There are no prospects of oil in fields in Greenland in the near future, according to Scottish Cairn Energy, which has performed large impairments on the arctic bet.

BY SØREN SPRINGBORG, ENERGIWATCH

Oil drilling in the waters off of Greenland will only happen if other parties are willing to contribute financially, estimates Scottish Cairn Energy, which is currently the only oil company to have done test drilling in Greenland - test drilling with no results.

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Maersk puts Greenland oil hunt on hold
Arctic oil hunt impossible with materials available today
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Denmark in Arctic dispute with Canada
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