OGJ NEWSLETTER

Upstream and downstream activity is stepping up in developing nations while the U.S. industry continues to crumble. The first licensing round off Greenland will get under way later this year. It could lead to the first exploration there since the 1970s, when five dry wells were drilled. Greenland Resources Administration will offer 133 blocks off western Greenland, south of the 66th parallel. Companies have until Jan. 15, 1993, to make bids on acreage.

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