One day, maybe

FOILED so far in its ambition to join the ranks of Arctic oil producers and find an economic alternative to its fishery, the country will try again next year by offering major operators access to its high-potential sedimentary basin. The home-rule government's Bureau for Minerals and Petroleum will hold an exploration licensing round in 2004 for acreage offshore west Greenland, lying between latitudes 62º and 69º North, and expects to grant licences no later than 2005. The licence areas include parts of the Lady Franklin Basin, Kangaamiut Basin, Ikermiut Fault Zone/Sisimiut and the Atammik and Fylla structural complexes. Terms of the 10-year licences include a 30% corporate tax and provision