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.