• Strategic agreement with Stampede Drilling secures a high performance drilling rig for the Arctic conditions of the Jameson Land Basin operations
• Greenland Energy selects Stampede Drilling to execute their 2026 drilling campaign

Greenland Energy Company has announced a strategic drilling agreement with Stampede Drilling, a leading Canadian energy services company, to provide a high-performance rig and expert services for upcoming operations in the Jameson Land Basin.

This agreement ensures the availability of Stampede's Rig #12, equipped for Arctic conditions, to mobilize crews and execute drilling for one of the industry's most anticipated frontier projects. Under a five-year agreement, plans call for drilling up to two wells.

This agreement follows the completion of the previously announced business combination between Pelican Holdco, Inc., Pelican Acquisition Corporation, March GL Company, and Greenland Exploration Limited. The transaction closed on March 25, 2026, forming Greenland Energy Company, which now trades on NASDAQ under the ticker symbol "GLND". 

"Securing a reliable, high-caliber drilling partner is essential for success in advancing a project of this scale," said Robert Price, CEO of Greenland Energy Company. "Stampede brings proven expertise in Arctic conditions and a track record of safety and efficiency, giving us the operational backbone to deliver our 2026 program."

"Delivering in extreme conditions demands precision and respect for the environment," said Lyle Whitmarsh, President and CEO of Stampede. "We're excited to partner with the Greenland Energy team on a program that has the potential to open one of the most exciting unexplored basins in the world, and we look forward to delivering the operational performance that makes that vision a reality."

Jameson Land Basin

The Jameson Land Basin is one of, if not the last, highly prospective, yet completely undrilled basins globally, but with a clear genetic link to the North Sea as well as a scale similar to many of the world’s major producing regions.

Greenland Energy Company has a comprehensive body of work conducted by US Atlantic Richfield Company (ARCO) between 1970 and 1990 where more than US$275m was invested (in 2025 US dollars) in detailed exploration and evaluation activities. ARCO’s work identified multiple, very large oil and gas hydrocarbon targets.

Greenland Energy Company, a privately-owned Texas Corporation, entered into an agreement with 80 Mile, for drilling to commence at the Jameson oil and gas project in Greenland. Greenland Energy Company will fund 100% of the costs associated with two exploration wells which are designed to delineate the sedimentary structure and energy potential of the Jameson Basin. In return, Greenland Energy Company will earn up to a 70% interest in the entire basin.

Greenland Energy Company has contracted Haliburton, one of the world’s largest oilfield services companies, to provide project management and support for logistics planning and secure other necessary services and logistics for the project.

KeyFacts Energy: Greenland Energy Greenland country profile