GREENLAND CONSIDERS MORE DRILLING, LICENSING

Danish and Greenland authorities plan to decide this spring whether to conduct future licensing off Greenland as a conventional licensing round or a less formalized negotiating procedure. The authorities may also decide to consider applications for licenses for any area off West Greenland south of 70 30' N. Lat. without the area being formally opened for licensing. Greenland received no bids during its 1992-93 licensing round.

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