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The Greenland government has presented a new proposal for its revised oil and mineral strategy for 2014 to 2018. The strategy will have a significant impact on the direction that Greenland will take over the next five years, as well as containing concrete suggestions as to the likely focus areas for supporting the development of the mining and oil industries.
The Mexican national oil company (Pemex) recently submitted its requests for the so-called 'Round Zero' to the Ministry of Energy and the National Hydrocarbons Commission. Following completion of Round Zero, the government will define the areas to be released from Pemex control, which – in addition to areas not presently covered by Pemex – will be opened to bidding by private international operators.
For more information, please contact:
Tom Gillett, Manager
International Law Office
New Hibernia House
London, SE1 9AG
Tel: +44 20 7234 0606
Fax: +44 20 7234 0808