On 7 May 2019 the NPD reported that Wellesley has taken Equinorâs 20% interest in PL 871, effective from 30 April 2019. The licence contains dry hole 25/1-13 which was drilled on the Balcom prospect, between Frigg and Froy, in Q1 2019.  25/1-13 confirmed the presence of the main Eocene Frigg Formation objective, finding a 50 m section with 10 m of sandstone. There were some gas shows but the sands were water-wet, as was a 40 m Balder section (with 20 m of sandstone).   Wellesley Petroleum AS operates PL 871 with an 80% interest. It is partnered by LOTOS Exploration and Production Norge AS (20%).
Wellesley has taken Equinorâs 20% interest in PL 871,  (Central Viking Graben (Viking Graben Province)) Frigg