Greenland Energy (NASDAQ: GLND) announced today that it has signed an agreement with Halliburton to provide integrated consulting services and logistical management for its 2026 onshore drilling campaign in the Jameson Land Basin. The deal covers planning, coordination, handling and transportation of equipment, services and goods, as well as comprehensive well and drilling services.
The agreement forms a key part of the Company’s integrated Arctic operations strategy, alongside prior agreements with Stampede Drilling and Desgagnés. By combining these partnerships, Greenland Energy aims to streamline operations in the challenging Arctic environment.
“This collaboration with Halliburton is a critical component of our strategy to safely and efficiently explore the hydrocarbon potential of the Jameson Land Basin,” said a company spokesperson. The Jameson Land Basin is considered one of the most promising onshore exploration areas in Greenland, with significant untapped resource potential.
The announcement underscores Greenland Energy’s commitment to developing the region’s energy resources. The company focuses on responsibly advancing oil and gas exploration and creating a publicly traded platform for Arctic energy development.
Industry analysts note that the partnership could have significant implications for the energy sector. If successful, the drilling campaign could open up new hydrocarbon reserves in a region that has seen limited exploration due to harsh conditions and logistical challenges. The collaboration with Halliburton, a global leader in oilfield services, brings expertise in Arctic operations and advanced drilling technologies.
However, forward-looking statements in the release caution that actual results may differ materially due to risks and uncertainties, including those detailed in the company’s SEC filings. Investors are advised not to place undue reliance on these statements.
For more details on the agreement, the full press release is available at https://ibn.fm/ghllI. Additional disclaimers and terms of use can be found at http://IBN.fm/Disclaimer.
