The north-east Baffin Bay region, offshore Greenland - a new frontier petroleum exploration region

In recent years the Arctic has come into focus for hydrocarbon exploration, and areas offshore both West and East Greenland have been evaluated as promising frontier hydrocarbon provinces. Seven hydrocarbon exploration and exploitation licenses were awarded in 2007–2008 offshore the Disko–Nuussuaq region (Fig. 1), and two more have been awarded in the open-door region offshore south-western Greenland. In 2007, an extensive amount of new seismic and aeromagnetic data was acquired by the TGS-NOPEC Geophysical Company in the north-eastern Baffin Bay region. Geophysical mapping has been initiated by the Geological Survey of Denmark and Greenland (GEUS) in the Melville Bugt region offshore North-West Greenland (Fig. 1) with the purpose of evaluating the hydrocarbon prospectivity. Initial interpretation of seismic and gravity data suggests the presence of deep sedimentary basins separated by structural highs. Geological information on source rock, reservoir rock and seal intervals from surrounding regions suggest that the Melville Bugt region is likely to have a significant petroleum potential. The study is based on public domain magnetic and gravity data, and all proprietary and public 2-D seismic data (Fig. 1) acquired before 2003. Seismic horizons from the ‘seismic basement’ to ‘base Quaternary’ are being interpreted regionally. Based on the seismic interpretation, a structural element map, depth-structure maps and isopach maps will be produced in order to assess the prospectivity of the Melville Bugt region.