company_name = Nunaoil
company_type = State Owned
foundation = 1985
key_people = Hans Kristian Olsen (MD)
Oil& Natural Gasexploration
Oil and gas exploration and production
revenue = | homepage = http://www.nunaoil.gl/
NUNAOIL is the National Oil Company of
Greenlandfounded in 1985as an equal partnership between the Greenland Home Rule Government and DONG Energy. It is a non paying partner in all licenses around Greenland. Created to encourage hydrocarbon investment in Greenland's waters through interaction with the local communities and cooperation with the international petroleum industry.
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 Baywhere 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.cite news | url = http://www.nunaoil.gl/Portals/0/pdf/NO_Aarsberetning_2006.pdf | title = Annual Report 2006 | publisher = Nunaoil | format=PDF | accessdate = 2007-12-16] cite news | url = http://www.dongenergy.com/NR/rdonlyres/5BDF40E7-E5E8-4BEA-B1FD-EEF42276A6C8/0/annual_report_2006.pdf | title = Annual Report 2006 | publisher = DONG Energy | format=PDF | accessdate = 2007-12-16]
Petroleum exploration in the Arctic
* [http://www.nunaoil.gl/ Nunaoil] — "Official website"
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