Oliban / Grisens 
Phaedon (2011)

This is a lovely woody incense scent. Quite dry, with strong woody-bark notes. There is also something unusual going on -- at times it is a bit metallic, other times creamy, other times toasty/nutty. The only thing I can compare it to is ghee (Indian clarified butter). There are some smoky notes, and the scent settles into a dignified sandalwood.
[update] Notes in Oliban according to BN: natural incense from Awajii (a Japanese island), sandalwood.
However, the name Oliban refers to frankincense (not usually found in Japan) and the Phaedon website talks of cedar wood and also ambroxan (an ambergris element). The Phaedon site also says the following: "Incense wood forms the core accord: this is a natural raw material, obtained by co-extracting incense extract with the essential oil of cedar wood. Cedar has the special property of producing reactions during the extraction process which modify the smell of the product." I'm not a chemist but I have the impression that the two elements are combined together in the distillation process -- perhaps something akin to cask blends of two grape types, letting them synergistically ferment together, rather than blending at a later date.