Overview
- Greenland Energy signed Halliburton to handle consulting, logistics, and drilling and well services for its onshore campaign in the Jameson Land Basin.
- The company plans to drill two wells in 2026 in a basin of roughly two million acres that holds several seismic-defined targets.
- Existing agreements with Stampede Drilling and Canadian maritime operator Desgagnés are set to provide the rig and Arctic shipping support.
- Shares climbed after the announcement, with Benzinga reporting a gain of about 15% at the time of publication.
- Management says it could earn up to a 70% working interest and cites an estimate of up to 13 billion barrels, which depends on permits, financing, Arctic operations, and actual drilling results in a basin with no commercial production to date.