USGS offshore petroleum assessment

The 2007 USGS East Greenland Rift Basins assessment estimated about 31.4 billion barrels of oil equivalent in undiscovered conventional oil, gas and natural-gas liquids. Its oil component is about 8.9 billion barrels. Most assessed potential is offshore. Jameson Land and its subvolcanic extension were not quantitatively assessed in this total.

Oil: 8,902.13 million barrels (about 8.9 billion).

Gas: 86,180.06 billion cubic feet (about 86.2 trillion cubic feet).

Natural-gas liquids: 8,121.57 million barrels (about 8.1 billion).

Combined energy equivalent: 31,387.04 million BOE, rounded to 31,400 MBOE.

Classification: mean undiscovered, technically recoverable conventional resources; assessment did not evaluate project economics.

Related Reports

• Greenland resources & interests
• West Greenland–East Canada assessment

Sources and Records

1. Gautier (2007), East Greenland petroleum assessment, USGS FS 2007–3077
2. Gautier (2019), East Greenland Rift Basins, USGS Professional Paper 1824-K
3. USGS: Circum-Arctic appraisal, Fact Sheet 2008-3049, table 1
4. USGS: West Greenland–East Canada, 2023 assessment published July 9, 2025

AI generated report by Explorvia.com.