Exploration

Wellesley will drill 8 wells in the next 24 months alone, targeting a net resource of 105 mmboe.

Wellesley’s exploration strategy is aligned with the core ESG strategic themes of “Gas to Europe” and “Power From Shore Oil”. Any discoveries in the “Power From Shore Oil” theme will be developed as part of the FANTA area development, together with Wellesley’s Grosbeak, Swisher, Røver Nord and Toppand discoveries.

View a Map of Wellesley’s Portfolio

0

wells in 6
years


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 2022/23


Attractive portfolio of high impact prospects to be drilled in the next two years

Near-term exploration
drilling programme

 

Røver Sør

  • Low risk appraisal target following Røver Nord discovery
  • Middle Jurassic Brent / Oseberg structural trap
  • Charged from the Røver Nord structure, likely to share the same spill point
  • To be developed as part of FANTA area development
Licence PL923
Partners Equinor 40% (op), Wellesley 20%, DNO 20%, Petoro 20%
PMean 24 mmboe recoverable
CoS 48%
Drilling Q3 2022

Carmen

  • Middle to Lower Jurassic structural trap
  • HPHT gas/condensate reservoir
  • De-risked by recent Toppand and Røver Nord discoveries
  • Close to both Kvitebjørn and FANTA area development infrastructure
Licence PL1148
Partners Wellesley 50% (op), Equinor 50%
PMean 105 MMboe recoverable
CoS 35%
Drilling 2023

Larven

  • Downthrown Sognefjord structural/stratigraphic trap
  • Hangingwall prospect adjacent to Troll field
  • Key risk is migration
Licence PL923
Partners Equinor 40% (op), Wellesley 20%, DNO 20%, Petoro 20%
PMean 70 mmboe recoverable
CoS 32%
Drilling 2023

Eggen

  • Downfaulted Brent fault block
  • Migration pathway from Røver Nord
  • Oil/gas bearing reservoir
Licence PL923
Partners Equinor 40% (op), Wellesley 20%, DNO 20%, Petoro 20%
PMean 35 mmboe recoverable
CoS 30%
Drilling 2023

Snowboy

  • Low risk appraisal target following Toppand discovery
  • Middle Jurassic Brent / Oseberg structural trap
  • Charged from Toppand structure
  • To be developed as part of FANTA area development
Licence PL248C
Partners Equinor 30% (op), Wellesley 30%, Petoro 40%
PMean 38 mmboe recoverable
CoS 50%
Drilling 2024

Harden

  • Stratigraphic trap, derisked by Swisher and other area wells
  • Upper Jurassic reservoir
  • To be developed as part of FANTA area development
Licence PL248C
Partners Equinor 30% (op), Wellesley 30%, Petoro 40%
PMean 35 mmboe recoverable
CoS 29%
Drilling 2024

Minotaur

  • Downthrown Brent appraisal target
  • Adjacent to Atlantis discovery
  • Development wells can be drilled from Atlantis subsea template
  • Reservoir effectiveness and fault seal concept proven by Atlantis
Licence PL878
Partners Equinor 40% (op), Wellesley 40%, Source 20%
PMean 25 mmboe recoverable
CoS 45%
Drilling 2023/24

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.