Responsible oil and gas exploration and development for the energy transition.

About
Wellesley

Wellesley is an oil and gas exploration and development company, based in Norway. Wellesley is backed by Blue Water Energy LLP, a leading private equity investor in the energy transition.

The energy transition needs gas to displace coal and balance renewable generation, as well as the lowest CO2 oil. By exploring for these resources in Norway, Wellesley will help supply clean and secure hydrocarbons to Europe.

Since 2016, Wellesley has been one of the most active and successful explorers in Norway, which has led to the rapid growth of our development portfolio.

Corporate Values

Ownership

From the everyday actions of our employees through to the wider impact of our work, Wellesley is prepared to stand by our commitment and responsibility to inspire positive change.

Accountability

Part of taking ownership is remaining accountable for your actions. Wellesley measures and reports on goals to ensure we continually make progress and create real change.

Operational Delivery

Since our inception, Wellesley has been characterised by an ability to move quickly. We plan and deliver wells faster than others. We implement new technologies in our drilling operations to increase efficiency and minimise environmental impact. Our robust and efficient well designs have been adopted as industry standards.

Wellesley is committed to finding the cleanest hydrocarbons while minimising the environmental impact of our work.

Our ESG goals are critical to achieving this, guiding our daily working life through to the management of our wider operations.

Why Norway

Modern infrastructure enables Norway to produce some of the lowest CO2 oil and gas in the world.

Abundant clean gas resources and political stability make Norway one of Europe’s most important energy suppliers.

Team

Wellesley’s board and executive management team brings industry experience and local expertise to define and deliver the company strategy.

Timeline

2015

January

Company start-up with 4-man team and $252mm investment

July

First licence – PL636 farm-in

November

Pre-qualified as licensee

2016

January

APA15 award: 1 licence

February

Drill first well – Fosen dry hole

August

Cara discovery

November

Pre-qualified as operator

2017

January

APA16 award – 9 licences (3 op)

March

Osprey discovery

September

First operated well - Goanna dry hole

2018

January

APA17 award – 7 licences (2 op)

August

Successful Grosbeak appraisal

2019

January

APA18 award – 6 licences

March

Duva PDO submitted

June

Duva sold to PGNiG

September

Ørn discovery

2020

January

APA19 award – 7 licences (3 op)

March

Grosbeak DG1

June

Atlantis discovery

September

Swisher discovery

2021

January

APA20 award – 2 licences (1 op)

February

Røver Nord discovery

June

Ørn DG1

July

Equinor takes over Grosbeak operatorship

2022

January

Toppand discovery

Janurary

APA21 award – 3 licences (1 op)

April

Ørn DG2

November

Ørn PDO

Portfolio

Wellesley’s exploration success has built one of Norway’s most attractive portfolios of development projects.

By planning and drillling wells faster than others, alongside a strong commitment to our ESG goals, Wellesley has established a portfolio of clean, commercially attractive development projects.