Greenland Energy Company (NASDAQ: GLND) is making strides in the energy exploration sector by targeting the untapped potential of the Jameson Land Basin in Greenland. Spanning more than 8,400 square kilometers, the basin is recognized as one of the world’s largest remaining underexplored onshore hydrocarbon regions. Under an agreement with 80 Mile, Greenland Energy will fully fund a two-well drilling program planned for the second half of 2026, earning a 70% interest in the project while 80 Mile retains 30%.
The Jameson Land Basin has attracted decades of industry attention and substantial historical investment due to its potential resource scale. Greenland Energy has engaged Halliburton to provide consulting services, logistics planning, and operational support. Additionally, agreements with Stampede Drilling are expected to enhance drilling capabilities and execution. The company believes these partnerships position it to efficiently evaluate the basin’s potential while leveraging advanced technologies and expertise for Arctic operations.
Greenland Energy 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. The latest news and updates relating to GLND are available in the company’s newsroom.
