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Greenland says drilling equipment approvals are expired, under review
Greenland authorities said permission to move drilling equipment has expired and was not renewed, while the licensee continues the permitting process for up to two exploration wells.
Greenland has warned a Texas-based oil venture and its partners that drilling equipment has been moved in preparation for an oil drilling campaign without authorization in place, according to OilPrice.
The article says the licensee is London-listed 80 Mile, with U.S. Greenland Energy Company as its operating partner. Greenland Energy said it will fund 100% of the costs associated with up to two exploration wells aimed at delineating hydrocarbon potential in the Jameson Land Basin.
Greenland’s government said no approval was granted at the time the equipment was moved. It added that approval to move the drilling equipment has since expired, was not renewed, and is currently under consideration, while 80 Mile continues to lead permitting and stakeholder engagement.
OilPrice also notes that Greenland Energy’s chairman, Larry Swets Jr., is described as being close to President Donald Trump and posted on X about the lack of authorization following a separate media article. Greenland Energy said it remains actively engaged in supporting technical planning.