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.
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:
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.