Greenland in transition

04/14/2014
Greenland expects its oil, gas, and minerals to be crucial as it continues its gradual transition to independence, its first US representative said on Apr. 3. "We have begun developing our oil and gas," noted Inuuteq Holm Olsen, who began a 5-year assignment at the Danish Embassy in Washington 2 months ago. The US Geological Survey estimates there are billions of barrels of oil equivalent offshore Greenland, although there have been no commercial finds, Olsen said during a presentation at GWU's Institute for European, Russian & Eurasian Studies. "Since 2002, 25 exploratory wells have been drilled off Greenland, mostly off the West Coast," Olsen said. "The four...
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