Oil or gas found off Greenland - CBC.ca

By
Viraj
on August 25, 2010 6:15 AM | | TrackBacks (0)
Edinburgh-based Cairn Energy PLC reported Tuesday that it had discovered "early indications of a working hydrocarbon system" after drilling on the seabed off western Greenland.

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Cairn CEO Bill Gammell added that the finding confirmed the company's "belief in the exploration potential," but didn't say how much oil or gas had been discovered. Cairn CEO Bill Gammell added that the finding confirmed the company's "belief in the exploration potential," but didn't say how much oil or gas had been discovered. "The thing I would stress is the scale. The basin that we're actually drilling in right now — the Baffin Bay Basin — is the same size as the North Sea," deputy CEO Mike Watts added.

Oil or gas found off Greenland - CBC.ca

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This page contains a single entry by Viraj published on August 25, 2010 6:15 AM.

Cairn India, ONGC rise after striking oil & gas in KG block - India Infoline.com was the previous entry in this blog.

Oil India eyes shale gas assets abroad - Business Standard is the next entry in this blog.

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