Greenland Energy (NASDAQ: GLND) announced it has signed an agreement with Halliburton for integrated consulting services and logistical management to support its 2026 onshore drilling campaign in the Jameson Land Basin. The agreement, announced on April 27, 2026, covers planning, coordination, handling and transportation of equipment, services and goods, and includes comprehensive well and drilling services. This forms a key part of the Company’s integrated Arctic operations strategy alongside prior agreements with Stampede Drilling and Desgagnés.
The partnership with Halliburton, a global leader in energy services, signals Greenland Energy's commitment to advancing its exploration activities in one of the world's most challenging environments. The Jameson Land Basin is considered a promising hydrocarbon province, and the company aims to responsibly develop Greenland’s resources while creating a publicly traded platform for Arctic energy development.
Greenland Energy has been building a comprehensive operational framework for its Arctic drilling campaign. Earlier agreements with Stampede Drilling and Desgagnés have laid the groundwork for drilling services and marine logistics. The addition of Halliburton brings world-class expertise in well design, drilling optimization, and supply chain management, which are critical for operations in remote and harsh conditions.
The agreement includes integrated consulting services that will help Greenland Energy plan and execute the drilling campaign efficiently. Halliburton will also manage the logistics of moving equipment and personnel to the site, ensuring that all necessary materials are available when needed. This level of integration is expected to reduce operational risks and costs associated with Arctic drilling.
For more details, the full press release is available at https://ibn.fm/ghllI.
The announcement comes as Greenland Energy continues to position itself as a key player in the emerging Arctic energy sector. The company’s focus on the Jameson Land Basin aligns with broader industry interest in Greenland's untapped hydrocarbon potential. However, the company also faces significant risks, including environmental concerns, regulatory hurdles, and the technical challenges of Arctic operations.
Forward-looking statements in the announcement highlight that actual results may differ materially due to various factors beyond management's control, including those set forth under "Risk Factors" in the Company's most recent Annual Report on Form 10-K and subsequent filings with the SEC. Investors are advised not to place undue reliance on these statements.
