Wellesley Petroleum has acquired Equinor's 45% operated stake in recently awarded PL090 JS, effective 30 November 2018. Equinor, Idemitsu and Neptune were awarded PL090 JS for stratigraphies below Base Cretaceous over 4.06 sq km in North Sea part block 35/11, covering the SW portion of the Grosbeak discovery on 9 October 2018. The licence is in the Production phase valid until 9 March 2024 and was split out of Equinor-operated PL090 F. Grosbeak is mostly licensed under Wellesley Petroleum-operated PL248 I and PL925, immediately to the E. It was discovered by 35/12-2 (2009, Wintershall, 2,541m) and appraised during July-October 2018 by 35/11-21 S & 21 A (Wellesley Op) which confirmed recoverable resources of 50-128 MMbo and 0.6-1.3 Tcfg in Jurassic Ness, Etive, Sognefjord and Fensfjord formations. Revised PL090 JS equity partners are Wellesley Petroleum AS (45% + Op), Idemitsu Petroleum Norge AS (40%) and Neptune Energy Norge AS (15%).
Wellesley Petroleum has acquired Equinor's 45% operated stake in recently awarded PL090 JS, effective 30 November 2018. Equinor, Idemitsu and Neptune were awarded PL090 JS for stratigraphies below Base Cretaceous over 4.06 sq km in North Sea part block 35/11, covering the SW portion of the Grosbeak discovery on 9 October 2018. 