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Greenland Energy signs Halliburton deal for 2026 Arctic drilling program

April 27, 2026 8:30 AM

Greenland Energy Company (NASDAQ: GLND) signed an agreement with Halliburton for integrated consulting services and logistical management for its planned drilling campaign in Greenland's Jameson Land Basin, according to a company statement.



The agreement covers comprehensive well and drilling services for Greenland Energy's onshore exploration program in the Jameson Land Basin. The company described the region as a frontier area spanning approximately 2 million acres with multiple identified targets supported by historical and modern seismic data.



The Halliburton agreement builds on previously announced partnerships with Stampede Drilling and Desgagnés as part of Greenland Energy's integrated Arctic operations strategy. The arrangements are intended to provide rig performance, logistics, and subsurface technology for the first onshore exploration well in the Jameson Land Basin.



"By working with Halliburton, we can tap into world‑class expertise and advanced technologies that will enhance drilling accuracy, safety, and efficiency under Arctic conditions," said Robert Price, CEO of Greenland Energy Company.



Following more than a year of logistical planning and site preparation, Greenland Energy expects to drill its first two wells in 2026. The company has been publicly traded on NASDAQ since its recent listing, with Price ringing the opening bell at the Nasdaq MarketSite on April 8.



Greenland Energy describes itself as an energy exploration company focused on developing Greenland's hydrocarbon resources, with emphasis on the Jameson Land Basin. The company aims to create a publicly traded platform for Arctic energy development.

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