GDF Suez Enters The Exploration in Greenland Waters

GDF SUEZ has signed its official entry in two exploration gas and oil licenses with the Greenlandic Ministry of Industry and Mineral Resources. The consortium between GDF SUEZ, Shell (operator) and Statoil has been granted two exploration offshore licenses in Blocks 5 and 8, located in the Baffin Bay, west of Greenland. GDF SUEZ’s share in each of the two licenses is 26.25%.
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Source: Offshore Energy Today