Greenland’s Untested Oil Basin Could Be the Next Big Discovery

The last time the oil industry chased a frontier like this, it changed the map of global energy. In 1968, a wildcat well on Alaska’s North Slope unlocked Prudhoe Bay, the largest oil field ever discovered in the United States. In 2015, Exxon drilled a well offshore Guyana that opened the Stabroek Block, now estimated to hold more than 11 billion barrels of recoverable oil. Both discoveries started the same way: a small group of geologists drilling a well in a place most of the industry had already written off. A company called Greenland Energy…