Wellesley Petroleum AS, an oil and gas explorer focused on the Norwegian Continental Shelf appoints Kari Langvik Østhus to lead the company in Norway as the operator enters a new phase of activity.
Stavanger (15.09.17). Wellesley Petroleum AS (“Wellesley”) notes the NPD announcement of the results of well 33/9-22 S in Production Licence PL881 (see link below). The well is dry. Wellesley participates in PL881 with a 70% operated working interest.
Stavanger (04-11-2016): Wellesley Petroleum AS (“Wellesley” or “The Company”) has received confirmation from the Ministry of Petroleum and Energy that the Company is now pre-qualified as an Operator of production licences on the Norwegian Continental Shelf (NCS). Wellesley will now look to build an operated licence portfolio through licence rounds and commercial acquisitions, focusing on exploration and appraisal opportunities.
Chris Elliott, CEO of the Wellesley Group of companies commented: “We are pleased to be qualified to assume the responsibilities of operating licences on the NCS. Our aim is to develop into an active exploration operator that matures licences towards drill decisions and operates the subsequent drilling activities. Operatorship allows us to drive exploration activity on the NCS, which we still consider to be a highly prospective area.”