Canadian firm got US$4M to ready rig for now-stalled Greenland drilling plan
Calgary-based Stampede Drilling said it 'will not deploy its drilling rig or commence drilling in Greenland' unless the U.S. oil company's project receives approval.
Alberta-based drilling firm Stampede Drilling received US$4 million from U.S.-based oil company Greenland Energy to prepare a rig for Arctic drilling operations, but the rig remains in Canada and has not been moved to Greenland. The company made the disclosure after a dispute between Greenland Energy and Greenland's government following the U.S. firm's unauthorized movement of drilling equipment to Greenland without proper permits.
Stampede Drilling CEO Lyle Whitmarsh confirmed the company has not transported the rig to Greenland and has not conducted any drilling activities on the island. Greenland Energy had planned to drill in the Jameson Land Basin, a semi-autonomous Arctic territory in eastern Greenland, with the rig's arrival expected by winter 2027.
However, Greenland's government warned that the project is unauthorized and that the U.S. company lacks the necessary approvals and permits.
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- Canadian firm got US$4M to ready rig for now-stalled Greenland drilling plan globalnews.ca
