Greenland Energy Advances Arctic Exploration with Halliburton Partnership and $70M Funding

Greenland Energy Company (NASDAQ: GLND) provided a midyear operational update on Tuesday, detailing significant progress since its Nasdaq debut in March 2026. The company completed a public offering that raised approximately $70 million in gross proceeds and has secured key service agreements to support its East Greenland exploration program. Notably, Greenland Energy signed a five-year drilling agreement with Stampede Drilling and a comprehensive agreement with Halliburton (NYSE: HAL) for integrated consulting, logistics, and well services ahead of its planned drilling campaign.

The company continues to advance procurement, infrastructure planning, and equipment mobilization for its Jameson Land Basin project, with the goal of starting modern onshore drilling operations in October 2026. Greenland Energy plans to drill the OPW-1 and OPW-6 exploration wells, each extending approximately 3,500 meters. The basin contains independent estimates of up to 13 billion barrels of gross unrisked prospective oil resources, supported by historical seismic data and prior industry investment.

The execution of these agreements marks a critical step forward for the company, enabling it to leverage Halliburton's global expertise in drilling and well services. The partnership is expected to enhance operational efficiency and safety in the challenging Arctic environment. Greenland Energy's focus on responsibly developing hydrocarbon resources in Greenland aligns with the country's strategic interest in diversifying its economy.

The company's Nasdaq listing and successful fundraising underscore investor confidence in its exploration strategy. With drilling targeted for late 2026, Greenland Energy is positioning itself as a key player in Arctic energy development. The full press release is available at https://nnw.fm/u0vVA.

Greenland Energy Company (NASDAQ: GLND) is an energy exploration company focused on responsibly developing Greenland's hydrocarbon resources, with an emphasis on the Jameson Land Basin. It aims to advance oil and gas exploration and create a publicly traded platform for Arctic energy development.