Wellesley Petroleum has acquired 10% in adjacent North Sea licences PL884 and PL885 from partner Equinor, effective from 30 November 2018. PL885 partners plan to drill a NFW over the Stjerneskudd/Presto prospect. The well was previously scheduled for Q4 2018 targeting Early Cretaceous Agat sandstones with a secondary target in the Late Cretaceous turbidite complexes, and mean gross prospective resources are estimated at 160 MMboe. Both licences were awarded on 10 February 2017 in the APA 2016 round. PL884 contains the Agat gas discovery 35/3-2 (1980, Saga, 4,400m). It covers 429 sq km in 35/3, and revised partners are Wellesley Petroleum AS (50% + Op), Cairn Energy via Capricorn Norge AS (30%) and Equinor Energy AS (20%). PL855 spans 547 sq km on 35/3 & 36/1, and participants are now Equinor Energy AS (20%+ OP), Petoro AS (20%), Wellesley Petroleum AS (20%) and Cairn Energy via Capricorn Norge AS (30%). 
Wellesley Petroleum has acquired 10% in adjacent North Sea licences PL884 and PL885 from partner Equinor, effective from 30 November 2018. PL885 partners plan to drill a NFW over the Stjerneskudd/Presto prospect. 