An American oil company linked to President Donald Trump's circle is preparing to begin exploratory drilling in Greenland, despite not yet receiving approval from local authorities.
According to The Guardian, drilling equipment has been brought to the remote Jameson Land area of Greenland's east coast in recent days. The move has prompted a backlash from the Greenland government, which has issued a "strong warning" to the company.
Greenlandic authorities have stressed that no approval has been given for bringing the equipment into the territory.
"All future logistical issues must be notified to and approved by the mineral resources authority before they are carried out," the government statement said.
Greenland Energy, a Texas-based company founded last year, claims that the Jameson Land region could contain up to $1 trillion in crude oil. The company has announced a $60 million investment to drill two exploration wells.
Greenland has banned the granting of new oil exploration licenses since 2021, for environmental reasons.
However, a British company, 80 Mile, had previously secured exploration rights in Jameson Land. Greenland Energy documents show that the American company intends to take a majority stake in the project in exchange for funding the exploration, but still needs government approval.
The issue also takes on particular significance due to Trump's ongoing interest in Greenland. The US president has repeatedly threatened to seize control of the Arctic territory, describing it as strategically important to the United States.
Meanwhile, Greenland Energy has other ties to figures close to the US administration. The company has hired Phil McGraw, known as “Dr. Phil,” for a series of documentaries about the project, and has also appointed a US Navy veteran who worked on Trump’s “Golden Dome” missile defense project to its board.
The company's chairman, Larry Swets, has denied that the oil project is linked to American efforts to annex Greenland.
According to the Greenlandic government, the equipment brought to Jameson Land was unloaded from a barge and included about a dozen containers. Authorities have said it would not be proportionate to require their immediate removal, while the permit application is still under review.
The company has stated that it intends to start drilling one well first, while a ship with about 300 containers of drilling equipment is expected to depart from Canada on September 12. Drilling could begin in October, if the necessary approvals are secured.