Oil jackpot in Greenland

Cairn Energy has found oil in Greenland. The first two of four planned wells took place in the Sigguk field.
Cairn Energy has found oil in Greenland. The first two of four planned wells took place in the Sigguk field.
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The Scotland-based oil company Cairn has found oil in its Alpha-1S1 well in western Greenland.

“The well has encountered gas shows in silty and volcanic sections over several hundreds of metres. Oil has also been observed intermittently over a 400m section in the volcanic and volcano-clastic intervals of the well which requires further evaluation,” Cairn says.

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