Nunaoil Type state-owned Industry oil and gas industry Founded 1985 Headquarters Nuuk, Greenland Key people Hans Kristian Olsen (MD) Products petroleum
Owner(s) Government of Greenland
Government of Denmark
Nunaoil is the national oil company of Greenland founded in 1985 as an equal partnership between the Greenland Home Rule Government and DONG Energy. It is a non paying partner in all licenses around Greenland.
During the 1990s the company was primarily involved in collecting seismic data as operator of a group of international oil companies in the regions of North East and West Greenland. It then switched its focus to gathering seismic data along the South West coast of Greenland, mapping large potential hydrocarbon trapping accumulations. As of 2000 Nunaoil has stopped acquiring seismic data as there has been sufficient interest by the seismic industry as a whole in undertaking this task.
It has also been involved in the licensing rounds recently off the west coast of Greenland by Baffin Bay where it holds a minimum of 8.5% stake in all the blocks that have been licensed in the recent West Disko round.
In 2006 DONG Energy sold its shares in Nunaoil to the Danish State. According to the Act on Greenland Self-Government which came in force on 21 June 2009, the Danish State transferred its stake to the Government of Greenland.
- ^ (PDF) Annual Report 2006. Nunaoil. http://www.nunaoil.gl/Portals/0/pdf/NO_Aarsberetning_2006.pdf. Retrieved 2007-12-16.
- ^ (PDF) Annual Report 2006. DONG Energy. Archived from the original on 2007-11-08. http://web.archive.org/web/20071108190104/http://www.dongenergy.com/NR/rdonlyres/5BDF40E7-E5E8-4BEA-B1FD-EEF42276A6C8/0/annual_report_2006.pdf. Retrieved 2010-10-23.
- ^ "The Greenland Self-Government Arrangement". The Prime Minister's Office. http://www.stm.dk/_a_2957.html. Retrieved 2010-12-31.
Companies of GreenlandAir Greenland • Arctic Umiaq Line • Atuagkat Bookstore • Bank of Greenland • Brugsen • Diskoline • Great Greenland • Greenland Venture • Kalaallit Nunaata Radioa • KNI • Mittarfeqarfiit • NUNAOIL • Nuuk TV • Nuup Bussii • Pilersuisoq • Pisiffik • Post Greenland • Sermitsiaq • Royal Arctic Line • Royal Greenland • TELE Greenland • Upernavik Seafood
Wikimedia Foundation. 2010.
Look at other dictionaries:
NUNAOIL — Infobox Company company name = Nunaoil company company type = State Owned company slogan = foundation = 1985 location = Nuuk, Greenland key people = Hans Kristian Olsen (MD) num employees = industry = Oil Natural Gas exploration products = Oil… … Wikipedia
Petroleum exploration in the Arctic — The exploration of the Arctic for petroleum is more technically and physically challenging than for any other environment. However, with increases in technology and continuing high oil prices the region is now receiving the interest of the… … Wikipedia
Greenland — For other uses, see Greenland (disambiguation). Greenland Kalaallit Nunaat (Kalaallisut) Grønland (Danish) … Wikipedia
Economy of Greenland — Infobox Economy country = Greenland width = caption = currency = 1 Danish krone (DKr) = 100 oere year = calendar year organs = rank = 193 gdp = $1.1 billion (2001) growth = 2% per capita = $20,000 (2001) sectors = inflation = 1% (2005) poverty =… … Wikipedia
Экономика Гренландии — Экономические показатели Валюта Датская крона Статистика ВВП (номинальный) 1,1 миллиард (2001) Рост ВВП 2% ВВП на душу населения по ППС 20 000 (2001) Инфляция … Википедия
Dependent States — ▪ 2009 Introduction Europe and the Atlantic. For a list of populated Dependent States, see Table (Dependent States). In May 2008 Ilulissat, Greenland, was the site of an international summit on Arctic sovereignty attended by official… … Universalium
Disko Line — A/S Type Aktieselskab Industry Transport Founded 2004 Headquarters Ilulissat, Greenland Area served Disko Bay, Greenland … Wikipedia
Diskoline — Disko Line A/S Type Aktieselskab Industry Transport Founded 2004 Headquarters Ilulissat, Greenland Area served Disko Bay, Greenland … Wikipedia
Greenland Airport Authority — Type State owned Industry Airport operation Headquarters Nuuk, Greenland … Wikipedia
Bank of Greenland — GrønlandsBANKEN Founded 1967 Headquarters Nuuk, Greenland Area served Greenland Key people Martin Kviesgaard (CEO) Products Banking … Wikipedia