The twin licenses, No.2013/45 and No.2013/46, correspond, respectively, to Block 9 (2,220 km2
) and Block 14 (2,634 km2
), located in the so-called “KANUMAS” area, approximately 60-200 km northeastern part of offshore Greenland with a water depth of approximately 150m to 450m. GreenPeX holds a 29.1667% participating interest of each Block together with Chevron as the operator and Shell, each holding 29.1667%, as well as Nunaoil, Greenland national oil company, holding the remaining 12.5%.
In February, 2012, JOGMEC announced its approval of equity financing to GreenPeX, established by several Japanese upstream companies led by INPEX CORPORATION, to implement a preferential position afforded to JOGMEC through long history of participation in KANUMAS project initiated by its predecessor, Japan National Oil Corporation. Click here
to view “JOGMEC Provides Equity Financing for Petroleum Exploration Offshore Greenland”
JOGMEC has witnessed a series of milestones to start the long-awaited exploration activities in this high-potential area, and will continue to be involved towards further achievement. It is also expected this project will enhance Japan’s energy security when successful.