Wednesday 18 July 2018

The Norwegian Petroleum Directorate has granted Wellesley Petroleum AS a drilling permit for well 35/11-21 S, cf. Section 15 of the Resource Management Regulations.

Well 35/11-21 S will be drilled from the Transocean Arctic drilling facility at position 61°09'28.15" North and 03°38'56.52" East.

The drilling programme for well 35/11-21 S relates to the drilling of a wildcat well in production licence 248 I.

Wellesley Petroleum AS is the operator with an ownership interest of 60 per cent, and licensee Petoro AS has an ownership interest of 40 per cent. The area in this production licence consists of a part of block 35/11. The well will be drilled 1.5 km southwest of the discovery well, 35/12-2 (Grosbeak).

Production licence 248 I was awarded on 18 December 2017 in NST99 on the Norwegian shelf. Well 35/11-21 S is the first well to be drilled in the licence.

The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.