The country’s Bureau of Minerals & Petroleum (BMP) could make an announcement before Christmas regarding awards for 19 blocks on offer off north-east Greenland under the round, ahead of a scheduled date of 15 January 2014, Danish online publication business.dk reported.
There is likely to be keen competition for the frontier tracts, covering a total area of almost 50,000 square kilometres and estimated by the US Geological Survey to hold potential hydrocarbon resources of 31 billion barrels of oil equivalent.
Bidders
