An independent petroleum reserves and resources evaluation has confirmed world-class hydrocarbon potential in Greenland’s Jameson Land basin, identifying more than 13 billion barrels of prospective recoverable oil resources across 58 prospects.
The assessment, conducted by Sproule ERCE for March GL Company and Pelican Energy, estimates 13.03 billion barrels (P10) of gross un-risked recoverable resources across the basin’s upper stratigraphic levels, with additional upside potential in deeper Permian formations. The study ranks Jameson Land among the world’s most significant undrilled oil provinces.
80 Mile PLC, which holds a 30% interest through its subsidiary White Flame Energy A/S, is partnered with March GL, which will fund and operate the upcoming drilling campaign. Preparations are underway for two exploration wells scheduled to begin in second-half 2026, each targeting depths of at least 3,500 m. Halliburton has been contracted to provide drilling services and logistics, with IPT Well Solutions serving as project manager.
“The report marks a major milestone for Jameson Land and validates its global significance,” said Roderick McIllree, Executive Director of 80 Mile. “Based on the Sproule findings, Jameson now ranks as the thirteenth largest undeveloped oil accumulation globally. With a fully funded U.S. joint venture partner, we are ready to drill and answer a question that has remained unresolved for more than six decades.”
Sproule’s evaluation highlights multiple stacked reservoirs, high-quality structural and stratigraphic traps, and significant exploration upside across the broader license area, covering roughly two million acres in eastern Greenland. The findings reinforce Greenland’s emerging role as one of the Arctic’s last frontier basins for large-scale oil and gas exploration.
