West Greenland offshore geology, seeps resemble North Sea prospects

The first well offshore West Greenland in more than 20 years was drilled during the summer of 2000. The target of the well was a normal fault trap in the southern part of the West Greenland shelf in an area named the "Fylla Structural Complex." The area is similar to the East Shetland Basin, including producing fields such as Brent and Statfjord.

Farther north, recently acquired seismic data revealed basins offering additional exploration targets in areas much larger and also closer to onshore areas with widespread oil seeps.

West Greenland offers one of the last unexplored shelf regions in the world, and perhaps, with a hydrocarbon potential comparable to the North Sea. The area is significantly under-explored. Only seven wells have been drilled and the seismic coverage (less than 60,000 km 2D seismic data in total) is still very regional.