July 10, 2024
Exploration
Wellesley’s exploration strategy is aligned with the core ESG strategic themes of “Power From Shore Oil” and “Gas to Europe”. Any discoveries in the “Power From Shore Oil” theme will be developed as part of the Ringvei Vest area development. Wellesley’s “Gas to Europe” prospect portfolio is focussed on HPHT prospects that can be tied back to the Equinor operated Kvitebjørn facility.
0
wells drilled
since 2016
Wellesley moves quickly, planning and drilling more wells than others to enable commercial success
0%
commercial
success rate
Industry leading success rate, underpinned by integrated geological and seismic models
0
wells planned
in 2026
Delivering new NCS development projects
Why Norway
Norway’s rich reserves of hydrocarbons, efficient tax terms, robust infrastructure and leading safety and environmental standards, make it the perfect place to focus Wellesley’s operations.
The country has been an established petroleum province for fifty years and will continue to produce for another fifty. Norway’s pipeline gas provides security of supply to its European markets in a time of increasing demand and geopolitical uncertainty.
Updates
Discover Wellesley’s latest news.
