News

News


12 July 2019

PGNiG Upstream Norway AS signs SPA with Wellesley Petroleum AS to acquire 20% participating interest in Duva development

Warsaw (12.07.2019). PGNiG Upstream Norway AS has signed an SPA with Wellesley Petroleum AS to acquire 20% participating interest in licences PL636 and PL636B, effective 01.01.2019.

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13 March 2019

Exploration Drilling Result: Well 25/1-13

Stavanger (13.03.19).Wellesley Petroleum AS, operator of production licence 871, is in the process of completing the drilling of wildcat well 25/1-13 in the North Sea. The well was dry

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21 February 2019

Submission of the Duva PDO

Wellesley Petroleum AS («Wellesley») notes the Press Release issued today by the Ministry of Petroleum (MPE) announcing the submission of the Duva (PL636) PDO. Wellesley holds a 20% interest in the PL636.

Chris Elliott, CEO of the Wellesley Group of companies, commented: “This is a milestone for our company, and a large step towards Wellesley first oil. We are very pleased to see the PDO of Duva submitted.”

The press release from the MPE can be found at the link below:

https://www.regjeringen.no/no/aktuelt/ny-side2/id2630012/

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15 February 2019

Exploration Drilling Result: Well 35/11-22 S

Stavanger (15.02.19). Wellesley Petroleum AS (“Wellesley”) notes the NPD announcement of the results of wells 35/11-22 S in Production Licence PL248 C (see link below). Wellesley participates in PL248 C with a 30% working interest.

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