Greenland Energy Company (NASDAQ: GLND) is moving forward with an ambitious oil exploration project in East Greenland’s Jameson Land Basin, a region that has never been drilled but is estimated to hold up to 13 billion recoverable barrels of oil. The company holds rights to a 70% working interest across more than 2 million acres in the basin, which was originally evaluated by ARCO decades ago. Following its Nasdaq listing in March 2026, Greenland Energy has secured key service agreements to support a planned drilling campaign in 2026, including Arctic-rated rig services from Stampede Drilling and contracts with Halliburton, Desgagnés, and IPT Well Solutions.
The Jameson Land Basin represents one of the largest undrilled onshore hydrocarbon basins globally, and Greenland Energy is positioning itself to test its potential. Independent engineering firm Sproule ERCE has assessed the upside potential at 13 billion barrels, a figure that underscores the scale of the opportunity. With infrastructure mobilization already underway, the company is advancing toward operational execution amid growing strategic interest in Arctic energy security.
Greenland Energy’s focus on responsible development of Greenland’s hydrocarbon resources aligns with broader efforts to diversify energy supplies. The company aims to create a publicly traded platform for Arctic energy development, leveraging its rights in the Jameson Land Basin. For more details, the full article is available at https://ibn.fm/VAzzU.
Investors can find the latest news and updates about GLND in the company’s newsroom at https://ibn.fm/GLND. The information in this article is based on a press release distributed by InvestorWire, a platform within the IBN dynamic brand portfolio that provides wire-grade press release syndication and corporate communications solutions. InvestorWire is headquartered in Austin, Texas, and can be reached at 512.354.7000 or via email at Editor@InvestorWire.com. For more information about InvestorWire, visit https://www.InvestorWire.com. Full terms of use and disclaimers are available at https://www.InvestorWire.com/Disclaimer.
