“The Greenlandic underground is rich in both oil resources and minerals, and the history of exploration and exploitation activities goes back many years and has a global reach,” it said in a statement. See emissions in your country and how it compares to others. Oil is a crucial global resource, powering economies, industries, and transportation systems around the globe.

As one of its first moves, it banned all new oil exploration in July, ending a 50 year ambition to become an oil-producing nation. Welcome to an exploration of the top 10 oil-producing countries in the world for the year 2023. A 2007 report from the US Geological Survey estimated that there could be the equivalent of more than 31 billion barrels of oil sitting under the northeast of the nation.Įarlier this year, the newly elected socialist-led government put climate issues at the centre of its policies. NOTE: The information regarding Crude Oil - production 2013 (bbl/day) on this page is re-published from the CIA World Factbook 2013. Gulf of Mexico offshore oil production 2013-2017 Kazakhstan: crude oil production forecast 2015-2040 Leading crude petroleum and natural gas companies in the Nordics 2020, by employees. Ten years ago, Greenland became a hotspot for drilling exploration after a boom in commodity prices. State production estimates reported by EIA are normally different from data reported by state agencies. The controversial practice of fracking was already prohibited in the country in 2011 and this ban extended that to cover the extraction of shale gas by any means. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. But lawmakers hoped it would be a catalyst for other, bigger fossil fuel producers to follow suit. The ban is largely symbolic as the country only extracts the equivalent of 815,000 tonnes of oil every year - the same amount produced in Saudi Arabia in a matter of hours.

Oil production by country 2013