Wellesley Petroleum, a prominent player in the Norwegian oil and gas industry, has been granted a drilling permit by the nation's authorities. This permit will facilitate the exploration of a new well in the northern region, marking a significant development in the company's ongoing expansion and exploration activities.
1. Wellesley Petroleum, a significant player in the Norwegian oil and gas industry, has secured a drilling permit from the Norwegian authorities.
2. The permit will allow the exploration of a new well in the northern region, which is a crucial development for the company's expansion and exploration activities.
3. The Norwegian Petroleum Directorate granted the permit for Wellesley Petroleum to drill exploration well 6204/11-3.
4. The new well is situated in production licence 829, in the Norwegian Sea, around 100 kilometres northwest of the island of Vigra.
5. The drilling permit is considered a significant progression in the company's expansion within the region, and Norway's authorities anticipate the project could bring about both energy production benefits and financial gains.
In 2020, Norway's Petroleum Directorate granted 69 exploration drilling permits, with Wellesley Petroleum accounting for approximately 5% of these.
The Norwegian Petroleum Directorate granted the permit to Welley Petroleum, allowing them to drill exploration well 6204/11-3. This well will be in production licence 829, located in the Norwegian Sea, about 100 kilometres northwest of the island of Vigra. This move represents a significant development in the company's expansion within the region. It is evident that Norway's authorities recognize the potential value of the endeavour, both in terms of energy production and financial gain.