Wellesley has acquired a 30% interest in PL 829 and a 20% interest in PL 878 from Equinor. The deal was confirmed by the NPD on 5 December 2019 and is effective from 29 November 2019. PL 829 covers parts of blocks 6204/7, 6204/8, 6204/10 and 6204/11 and the decision to proceed with drilling a well was made in November 2019. PL 878 covers parts of blocks 30/2 and 30/3 and a well (30/2-5) will be drilled on the Atlantis prospect to the north of Huldra (the shallow gas pilot hole is expected in Q1 2020). Operatorship of PL 829 will be transferred, in due course, to Wellesley (pending government approval).  Wellesley obtained its first 30% interest in PL 829 in 2016 by way of a deal with Point Resources. The licence contains two small gas discoveries made by 6204/11-1 (Statoil 1994) and 6204/10-2 R (Statoil 1997).   Shell was a former partner in PL 878 and exited the licence in February 2019, leaving Equinor with 100% interest. The abandoned Huldra field lies in what is now PL 878. Huldra was discovered in 1982 by well 30/2-1 and it came onstream in November 2001. It is a rotated fault block structure with a Middle Jurassic Brent Group reservoir lying between 3,500-3,900 m. The reservoir was initially HPHT but compression was required to aid production from 2007. From the Huldra platform wet gas was transported to Heimdal for further processing and export and condensate was exported through Veslefrikk. Production ceased in 2014.  Interest in PL 829 is now (prior to operatorship changing) held by Equinor Energy AS (20% + operator), Wellesley Petroleum AS (60%) and Petoro AS (20%) and interest in PL 878 is divided between Equinor Energy AS (80% + operator) and Wellesley Petroleum AS (20%).
Wellesley has acquired a 30% interest in PL 829 and a 20% interest in PL 878 from Equinor. 