1.250
%
Neutral
86
mm boe
0
%
While Greenland remains a promising frontier play, especially in the offshore segment, and the local government has traditionally been keen to promote oil & gas investment, there have been few changes to the fiscal code, either planned or demanded. However, the US' interest in Greenland's minerals raises the prospect that there could be an acceleration in the outlook. We raise our Outlook to Neutral.
January 25, 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 remains a difficult to enter, and is limited in scope. Governmental support is encouraging, but here again, its assistance is limited.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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