(WO) — Greenland Energy Company has signed a services agreement with Halliburton and continues advancing preparations for its planned 2026 exploration campaign in East Greenland’s Jameson Land basin.
The company said Halliburton will provide integrated consulting, logistics, well services and drilling support for the upcoming program, which is expected to include the first modern onshore exploration wells drilled in the basin in decades.
The agreement builds on a previously announced five-year drilling contract with Stampede Drilling for an Arctic-capable rig and additional service agreements with IPT Well Solutions and other contractors supporting the campaign.
Greenland Energy is targeting the start of drilling operations in October 2026, beginning with the OPW-1 and OPW-6 exploration wells. Each well is expected to reach a depth of approximately 3,500 m.
Successful drilling of the initial wells would allow the company to earn up to a 70% working interest in the license area.
The company said it has continued mobilization efforts across the project area, including permitting, infrastructure planning, equipment procurement and logistics activities required to support field operations in the remote Arctic environment.
In addition, Greenland Energy recently completed a public listing on Nasdaq under the ticker GLND and raised approximately $70 million in gross proceeds through a public offering. The company said the funding is being used to support long-lead equipment procurement and field development activities associated with the exploration program.
Greenland Energy is targeting multiple prospects within the Jameson Land Basin, where historical seismic data and prior industry studies indicate significant hydrocarbon potential. The company cited independent estimates suggesting the basin could contain up to 13 billion bbl of gross unrisked prospective oil resources.
Community engagement activities are also continuing, including meetings with local stakeholders in Ittoqqortoormiit as the company advances toward drilling operations later this year.
The planned exploration campaign represents one of the most closely watched frontier drilling programs in the Arctic region, with results expected to provide new insights into the hydrocarbon potential of East Greenland.
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