News

News

News List

Exploration Drilling Result: Well 34/2-5S

Posted: 17 April 2018

Stavanger (17.04.18). Wellesley Petroleum AS (“Wellesley”) notes the NPD announcement of the results of wells 34/2-5S in Production Licence PL790 (see link below). The well was dry. Wellesley participates in PL790 with a 25% working interest.

www.npd.no/en/news/Exploration-drilling-results/2018/342-5-S/

Wellesley

Petroleum is an independent oil company focused on exploration on the Norwegian Continental Shelf (NCS). Wellesley is qualified as an operator on the NCS and has built an attractive acreage position to enable the Company to be an active participant in exploration drilling in the coming years. Wellesley is funded by Bluewater Energy LLP and associates, specialist investors in the energy sector.

www.wellesley.no

read more

Exploration Drilling Result: Well 35/9-13, 35/9-14 and 35/9-14A

Posted: 21 March 2018

Stavanger (03.04.18). Wellesley Petroleum AS (“Wellesley”) notes the NPD announcement of the results of wells 35/9-13, 35/9-14 and 35/9-14A in Production Licence PL682 (see link below). Wellesley participates in PL682 with a 20% working interest.

http://www.npd.no/en/news/Exploration-drilling-results/2018/Minor-oil-discovery-northwest-of-the-Gjoa-field-in-the-North-Sea--359-13-359-14-and-359-14-A/

Wellesley

Petroleum is an independent oil company focused on exploration on the Norwegian Continental Shelf (NCS). Wellesley is qualified as an operator on the NCS and has built an attractive acreage position to enable the Company to be an active participant in exploration drilling in the coming years. Wellesley is funded by Bluewater Energy LLP and associates, specialist investors in the energy sector.

www.wellesley.no

read more

Greater Grosbeak Announcement

Posted: 26 January 2018

Stavanger 26th January 2018: Wellesley Petroleum AS (“Wellesley” or “The Company”) announces an agreement with Transocean for a three-firm slot contract with the Transocean Arctic semi-sub rig. The commencement date for the contract is 1st June 2018.

The rig will be employed on an exploration drilling campaign in the Måløy Slope area of the Northern North Sea (blocks 35/11 & 12). The Transocean Arctic will be employed to drill two exploration wells in the Wellesley-operated PL925 licence. Plans are also being made to drill a further exploration well to test an extension of the currently stranded Grosbeak Discovery.

Chris Elliott, CEO of the Wellesley Group of companies commented: “We are pleased to have secured a warm drilling rig to execute our campaign, which will be conducted in an area we believe to be highly prospective. Well planning is progressing and we are working with our JV partners and the relevant authorities to deliver a robust campaign plan. As operator of the drilling programme the Company is fully focused on delivering the work programmes in a safe, transparent and efficient manner”.

Press contact: Chris Elliott, Wellesley Group CEO

read more

APA 2017 Awards

Posted: 16 January 2018

Stavanger 16th January 2018: Wellesley Petroleum AS (“Wellesley” or “The Company”) notes the Press Release issued today by the Ministry of Petroleum and Energy (MPE) announcing offers for Production Licences applied for in the APA 2017 licensing

round. Wellesley has been offered to participate in seven licences, including three firm well commitments. Wellesley will operate two of these licences. Two of the firm well commitments are in the Wellesley operated PL925 licence.

Chris Elliott, CEO of the Wellesley Group of companies commented: “We are pleased to be offered these licences which we believe to be highly prospective. We will now aim to work with our JV partners, suppliers and the relevant authorities to execute the firm well programmes and in other licences move the highest ranked opportunities towards drilling. As operator of PL925 Wellesley will assume the responsibilities of drilling exploration wells on behalf of the licence and the Company is fully focused on delivering the work programmes in a safe, transparent and efficient manner”

The MPE announcement can be found at the following link:

https://www.regjeringen.no/en/aktuelt/apa-2017--record-number-of-licenses-awarded-for-further-exploration-of-the-norwegian-continental-shelf/id2585803/

Press contact Chris Elliott, Wellesley Group CEO

read more