Wellesley acquired 40% interest from Total and 20% interest from Spirit in PL 685 with effect from 1 July 2018. Four months later, in the same licence, Wellesley then transferred 40% of its equity to Aker BP with effect from 30 November 2018. Both deals were announced on 6 December 2018. The licence covers a 407 sq km area over parts of blocks 34/6, 35/1 and 35/4. The acreage covered by the licence has yet to be drilled. It lies in between the Peon and Garantiana discoveries.  The Peon discovery well was located on the apex of a mound structure and targeted a Pleistocene fluvio-glacial / glacio-marine sand body at a very shallow level. A 38 m thick, homogenous, unconsolidated sand was encountered at 574 m (named the Peon Sandstone of the Nordland Group) and 19 m of this contained very dry gas (99.5 vol% methane). The well was re-entered for testing in 2006 but the planned test could not be carried out. Equinor is currently considering developing Peon. If the development of Peon does go ahead it is likely to use an unmanned, remotely operated, stand-alone platform. Estimated recoverable reserves are approximately 690 Bcfg.  Total discovered Garantiana in 2012 with 34/6-2 S. The Cook Formation was oil-bearing (gross oil column of 100 m) and was tested at a rate of 4,300 bo/d through a 28/64â choke. Downdip sidetrack 34/6-2 A found the OWC which had not been encountered in the original hole. In 2014 the find was appraised by 34/6-3 S. This well proved a 120 m gross oil column in a very good quality Cook Formation reservoir with no OWC. On test the well flowed at a stable rate of 5,912 bo/d through a 24/64â choke and a maximum rate of 6,919 bo/d through a 28/64â choke. Recoverable reserve estimates were increased to 38-88 MMbo. The reservoir lies at a depth of approximately 3,810 m and has a porosity of 20%. Garantiana partner Point Resources confirmed in April 2018 that the Equinor-operated field will be developed as a subsea tie-back. The host facility was due to be chosen later in 2018. Earlier reports from Wood Group in 2017 showed that the hosts which were being considered were Equinorâs Gullfaks B and Visund facilities.  Following the completion of both deals, interests in PL 685 are divided between Aker BP ASA (40% + operator), Wellesley Petroleum AS (40%) and Petoro AS (20%).
Norway (Tampen Spur (Viking Graben Province)) Visund