5.000
%
Neutral
99
mm boe
0
%
Greenland remains a promising frontier play, but its government suspended new oil and gas licensing in 2021, and US pressure over sovereignty has added geopolitical risk. Interest is now focused on critical minerals rather than hydrocarbons. Outlook amended from Neutral because the licensing moratorium closes the door to new investment. Outlook: Negative. Risk premia raised from 1.25% to 5%.
October 8, 2026
Americas - North
mm bbl
bcf
Northern North America, island between the Arctic Ocean and the North Atlantic Ocean, northeast of Canada.
Concession
Greenland tax-resident companies are subject to corporation tax on their worldwide profits, including chargeable gains, with credit for any creditable foreign taxes. The taxable income of companies is stated as their gross income net of operating expenses — i.e., expenses incurred during the year in acquiring, securing and maintaining the income.
Greenland is a self-governing territory of Denmark. A broad coalition under Premier Jens-Frederik Nielsen took office in 2025 amid repeated US calls to acquire the island, which has elevated its geopolitical profile. Investors face a small market, extreme logistics and complex environmental permitting, with mining (rare earths and critical minerals) the focus. New oil & gas exploration has been banned since 2021.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
© 2024 Oil & Gas Advisors Limited
Website by Rugby Web Design
