Petroleum resource assessment of the East Greenland Basin

The onshore and offshore parts of the East Greenland Basin are important areas for petroleum exploration at the North Pole. Although assessments by the US Geological Survey suggest a substantial petroleum potential in this area, their estimates carry a high risk because of uncertainties in the exploration data. This paper compares the reservoir-forming conditions based on data from the East Greenland Basin and the North Sea Basin. The petroleum resources of the East Greenland Basin were assessed by geochemical and analogy methods. The East Greenland Basin was a rift basin in the late Paleozoic–Mesozoic. Its basement is metamorphic rock formed by the Caledonian Orogeny in the Archean to Late Ordovician. In the basin, Devonian–Paleogene strata were deposited on the basement. Lacustrine source rock formed in the late Paleozoic and marine source rocks in the Late Jurassic. Shallow-marine sandstone reservoirs formed in the Middle Jurassic and deep-marine turbiditic sandstone reservoirs formed in the Cretaceous. The trap types are structure traps, horst and fault-block traps, salt structure traps, and stratigraphic traps. The East Greenland Basin possesses superior reservoir-forming conditions, favorable petroleum potential and preferable exploration prospects. Because of the lack of exploration data, further evaluation of the favorable types of traps, essential amount of source rock, petroleum-generation conditions and appropriate burial histories in the East Greenland Basin are required