Greenland Energy Signs Agreement with Halliburton for 2026 Jameson Land Basin Drilling Campaign

Greenland Energy (NASDAQ: GLND) announced it has signed an agreement with Halliburton for integrated consulting services and logistical management supporting its 2026 onshore drilling campaign in the Jameson Land Basin. The agreement covers planning, coordination, handling and transportation of equipment, services and goods, and includes comprehensive well and drilling services, forming 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 oilfield services, signals Greenland Energy's commitment to leveraging industry expertise for its Arctic drilling ambitions. The Jameson Land Basin, located in East Greenland, is considered a promising hydrocarbon province but poses significant operational challenges due to its remote location and harsh climate. By securing Halliburton's integrated services, Greenland Energy aims to mitigate risks and optimize efficiency in its drilling operations.

The announcement follows earlier agreements with Stampede Drilling for drilling rigs and with Desgagnés for marine logistics, highlighting a comprehensive approach to tackle the logistical complexities of Arctic exploration. The company has emphasized responsible development of Greenland's hydrocarbon resources, with a focus on safety and environmental stewardship.

Greenland Energy's forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, indicate that actual results may differ materially due to risks and uncertainties. These include factors beyond management's control, such as those outlined in the Company's filings with the SEC. Investors are cautioned not to place undue reliance on forward-looking statements.

The agreement with Halliburton is a significant milestone for Greenland Energy, as it moves toward its first drilling campaign in the Jameson Land Basin. The company's integrated Arctic operations strategy aims to address the unique challenges of drilling in one of the world's most demanding environments. For more details, the full press release is available at https://ibn.fm/ghllI.