Halliburton Mobilizes 300 Containers for Greenland Drilling Targeting 13B Barrels Oil
Halliburton will deploy 300 containers of drilling equipment to Greenland by August 1 and commence its first well in early October 2026 with Greenland Energy. The project targets an estimated 13 billion barrels of 40° gravity crude and has prompted preliminary inquiries from European refiners.
1. Deployment Timeline
Halliburton will position 300 containers of drilling equipment in Greenland by August 1, ship them out on September 12, and begin drilling the first well in the first week of October 2026, supporting Greenland Energy’s exploration timetable.
2. Resource Potential and Market Impact
The Greenland project aims to uncover up to 13 billion barrels of 40° gravity crude within three miles of shore, offering a potential alternative supply for US and European refiners accustomed to similar crude grades.
3. Partnership Outlook
Halliburton and IPT Well Solutions will handle initial wells, but full field development will require a major oil company partner, with preliminary discussions already underway alongside inbound inquiries from European refineries.