Cairn sees 2011 Greenland investment steady v 2010

UK oil and gas firm Cairn Energy expects investment in its Greenland exploration this year roughly to equal the $500 million it spent drilling there in 2010, a Cairn executive said on Friday.
Greenland is a new Arctic frontier for oil and gas exploration and according to a 2008 assessment by the U.S. Geological Survey could hold huge petroleum resources.
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Source: Reuters