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.
ESG
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
2022
August
Complete sale of Ørn to PGNiG
April
Ørn DG2
January
APA21 award – 3 licences (1 op)
January
Toppand discovery
2021
July
Equinor takes over Grosbeak operatorship
June
Ørn DG1
February
Røver Nord discovery
January
APA20 award – 2 licences (1 op)
2020
September
Swisher discovery
June
Atlantis discovery
March
Grosbeak DG1
January
APA19 award – 7 licences (3 op)
2019
September
Ørn discovery
June
Duva sold to PGNiG
March
Duva PDO submitted
January
APA18 award – 6 licences
2018
August
Successful Grosbeak appraisal
January
APA17 award – 7 licences (2 op)
2017
September
First operated well - Goanna dry hole
March
Osprey discovery
January
APA16 award – 9 licences (3 op)
2016
November
Pre-qualified as operator
August
Cara discovery
February
Drill first well – Fosen dry hole
January
APA15 award: 1 licence
2015
November
Pre-qualified as licensee
July
First licence – PL636 farm-in
January
Company start-up with 4-man team and $252mm investment
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.
