Geology and Hydrocarbon Potential of the Dreki Area

Regional_overview_license_areas_wells_NAThe Jan Mayen Ridge, including the part covered by the northern Dreki area, is thought to have potential for hydrocarbon accumulations because of its geological similarity to hydrocarbon basins which were its next door neighbours prior to the opening of the northeast Atlantic ocean basin. The basins in question are the Jameson Land Basin onshore East Greenland, where oil is known to have been generated and preserved in sandstone bodies, and basins offshore western Norway, Shetland and in the North Sea, where oil and gas has been discovered in commercial quantities.

Further information on the geology and hydrocarbon potential of the Dreki Area can be found in a governmental interpretation report by Gunnarsson, Sand and Gudlaugsson from 1989, based on the seismic data acquired in 1985 and 1988 by Iceland and Norway.