Exploration

Exploration


Introduction to Exploration

Wellesley Petroleum is one of the most active explorers in the mature areas of the Norwegian Continental Shelf (NCS), having participated in 24 wells since 2016. Wellesley has an excellent performance record as an operator of exploration wells, and the company’s drilling capability has proved critical in accelerating licence activity and testing subsurface concepts with the drill bit.

Successful exploration requires a self-questioning culture, a collective drive to learn and an appreciation that uncertainty has an upside as well as a downside. Although a mature basin, the rich availability of data and ease of acreage access makes the NCS highly prospective for hydrocarbon exploration. Wellesley is confident that substantial volumes of commercially attractive resources remain to be discovered.