Greenland Energy Advances Arctic Drilling Plans After Nasdaq Listing and Halliburton Deal
Greenland Energy Company announced progress on its East Greenland exploration program, including a Halliburton partnership and a $70 million public offering, targeting up to 13 billion barrels of oil resources.
Greenland Energy Company (NASDAQ: GLND) has provided a midyear operational update highlighting key milestones since its March 2026 Nasdaq debut, including the completion of a public offering that raised approximately $70 million in gross proceeds. The company also announced the execution of service agreements critical to its East Greenland exploration program, including a five-year drilling agreement with Stampede Drilling and an integrated services agreement with Halliburton (NYSE: HAL).
The Halliburton partnership covers consulting, logistics, and well services for the planned drilling campaign. Greenland Energy is advancing procurement, infrastructure planning, and equipment mobilization for its Jameson Land Basin project, with the goal of starting modern onshore drilling operations in October 2026. The company plans to drill the OPW-1 and OPW-6 exploration wells, each extending approximately 3,500 meters.
The Jameson Land Basin is estimated to contain up to 13 billion barrels of gross unrisked prospective oil resources, supported by historical seismic data and prior industry investment. This resource potential underscores the significance of the project for Arctic energy development. Greenland Energy is positioning itself as a publicly traded platform focused on responsibly developing Greenland’s hydrocarbon resources.
The company’s Nasdaq listing and the substantial capital raised through the public offering provide a financial foundation for the high-cost Arctic exploration. The partnerships with established service providers like Halliburton and Stampede Drilling signal a de-risking of operations through experienced contractors. The October 2026 target for drilling marks a concrete timeline for the first modern onshore wells in the region, which could open a new frontier for oil exploration.
For more information, see the full press release at https://ibn.fm/TXN8n. The latest news on Greenland Energy is available at https://ibn.fm/GLND.