Wellesley has assigned 5% from its 30% stake in PL248 C to Equinor (now 35% operator), effective 30 April 2020. PL248 C was awarded on 9 April 2013 originally covering 175 sq km in block 35/11, and NFW 35/11-16 S (2014, Statoil, 3,554m TD) was drilled on the licence, P&A dry with Late Jurassic Intra Draupne Formation (Fm) oil shows, but later partitioned to PL248 D. PL248 C block 35/11 was subsequently partitioned in December 2017 with acreage in the NE of the block assigned to PL248 J and PL248 I to the NE of the Vega & Byrding fields. PL248 C partners drilled Bergand NFW 35/11-22 S from 12 December 2018 to 2 February 2019, and discovered estimated 1.3-4.4 MMbo recoverable resources in Middle to Late Jurassic Heather Fm sands 30m thick (15m net effective reservoir). The current PL248 C acreage contains part of two previous minor oil discoveries: 35/11-5 (1991, Mobil, 3,769m) in poor quality Brent Group, and 35/11-18 Syrah (2015, Wintershall, 3,759m) in Brent Group and Heather Fm with limited reservoir development. Revised PL248 C partners are Equinor Energy AS (35% + Op), Wellesley Petroleum AS (25%) and Petoro AS (40%).
Wellesley assigns 5% to Equinor in PL 248 C. Revised PL248 C partners are Equinor Energy AS (35% + Op), Wellesley Petroleum AS (25%) and Petoro AS (40%).