Frontier acreage: Greenland
Arkex scoops up frontier Greenland study
Geophysical services company Arkex said today it has been awarded a contract by Cairn Energy and partner Nunaoil to carry out the first ever marine gravity gradiometry survey off the western coast of Greenland.
The survey will cover 5000 square kilometres of Blocks 1 and 3 (Sigguk and Eqqua) that Cairn was awarded in the Disko West licensing round.
Offshore Greenland is a frontier area which has been largely unexplored.
In July last year, the US Geological Survey (USGS) released its Circum-Arctic Resource Appraisal report and concluded that "The extensive Arctic continental shelf may constitute the geographically largest unexplored prospective area for petroleum remaining on earth".
The survey is due to start in July and will include gravity gradiometry, magnetic and bathymetry measurements.
Cairn has an 87.5% interest in Blocks 1 and 3 with the remaining 12.5% held by Nunaoil.