does anybody live in greenland?

Question

Does it have any oil?

Answer 1

yah
Some of the world's biggest energy companies, among them Calgary-based EnCana Corp., have gathered in a tiny town on Greenland's west coast to consider developing one of the last untapped offshore oil frontiers.

Greenland is auctioning exploration rights to eight blocks covering 92,000 square kilometres in the Davis Strait between the huge island's west coast and Canada's Baffin Island.

The 13 oil producers invited to Ilulissat include the largest from Europe, the United States and several from Canada in addition to EnCana, Jrn Skov Nielsen, the top bureaucrat with Greenland's Bureau of Minerals and Petroleum, said yesterday. He would not give specific name.

The climate is harsh, the work window short and no exploration wells have been drilled in the region since the 1970s and '80s, when companies' attempts to find commercial-sized, onshore oilfields on Disko Island were unsuccessful.

The forces driving the world's oil industry have changed significantly since then but Greenland's potential to become a large oil producer has not, Mr. Skov Nielsen said.

"Many thought the costs of coming here were a little too high but they've discovered now, compared to other places in the world, that they aren't so high," Mr. Skov Nielsen said from Ilulissat.

"Ice isn't the trouble companies thought it was, oil prices are sky high and companies badly need to replace their reserves with new finds."

Firms have three days, starting yesterday, to pore over seismic data collected by the Greenland government over the past five years. The bidding round closes on Dec. 15.

Mr. Skov Nielsen said the government of Greenland, a semi-autonomous Danish territory that is home to about 57,000 people, contends the Davis Strait has the potential to become another North Sea.

"We think there are many oilfields holding 500 million barrels or more."

The offshore blocks under consideration are in the rugged yet environmentally sensitive Disko Bay.

The area is at a latitude of between 67 degrees north and 71 degrees north -- well above the Arctic Circle and about as far north as the northern shores of Sweden and Finland.

Calgary-based EnCana became the first and only company to hold a licence in the region when it bought rights to a pair of blocks -- called Attamak and Lady Franklin -- in 2002 and 2005, respectively.

Companies have a window of 10 years, broken into three separate phases of exploration activity, to prove the resource exists.

EnCana is poised to drill offshore Greenland's first exploration well on one of its two original leases.

"This is a high-risk, potentially high-reward opportunity," said EnCana spokesman Alan Boras.

He said EnCana successfully negotiated the rolling together of Attamak and Lady Franklin licences and must make a decision by the end of this year about drilling an exploration well.

Media reports have suggested EnCana's two blocks may hold reserves ranging from 400 million to 1.2 billion barrels of oil.

"We haven't put estimates on it but it would need to be sizable -- more than 100 million barrels -- in order to invest the capital in a well."

Answer 2

Yes Greenland has small villages or settlements. Its people are Eskimo or Scandinavian.

Answer 3

Yes - there are 57,000 people there. It belongs to Denmark. Most of the island is covered with ice and most people live in a few towns on the west coast. They have high rates of both alcoholism and suicide.