The Aegir Ridge is an extinct mid-ocean ridge

Mid-ocean ridge

A mid-ocean ridge is a general term for an underwater mountain system that consists of various mountain ranges , typically having a valley known as a rift running along its spine, formed by plate tectonics. This type of oceanic ridge is characteristic of what is known as an oceanic spreading...

 in the far-northern Atlantic Ocean

Atlantic Ocean

The Atlantic Ocean is the second-largest of the world's oceanic divisions. With a total area of about , it covers approximately 20% of the Earth's surface and about 26% of its water surface area...

. It marks the initial line of break-up of the northern Atlantic, along which seafloor spreading was initiated at the beginning of the Eocene

Eocene

The Eocene Epoch, lasting from about 56 to 34 million years ago , is a major division of the geologic timescale and the second epoch of the Paleogene Period in the Cenozoic Era. The Eocene spans the time from the end of the Palaeocene Epoch to the beginning of the Oligocene Epoch. The start of the...

 epoch

Epoch (geology)

An epoch is a subdivision of the geologic timescale based on rock layering. In order, the higher subdivisions are periods, eras and eons. We are currently living in the Holocene epoch...

. Towards the end of the Eocene, a new spreading ridge, the Kolbeinsey Ridge propagated northwards from Iceland

Iceland

Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...

, splitting the Jan Mayen Microcontinent away from the Greenland Plate

Greenland Plate

The Greenland Plate is a supposed tectonic plate bounded to the west by Nares Strait, a probable transform fault, on the southwest by the Ungava transform underlying Davis Strait, on the southeast by the Mid-Atlantic Ridge, and the northeast by the Gakkel Ridge, with its northwest border is still...

. As the Kolbeinsey Ridge formed , so activity on the Aegir Ridge reduced, ceasing completely at the end of the Oligocene

Oligocene

The Oligocene is a geologic epoch of the Paleogene Period and extends from about 34 million to 23 million years before the present . As with other older geologic periods, the rock beds that define the period are well identified but the exact dates of the start and end of the period are slightly...

 epoch when the Kolbeinsey Ridge reached the Jan Mayen Fracture Zone.