WARSAW, Poland — PGNiG Upstream has agreed to acquire Wellesley Petroleum’s 40% interest in PL942 in the Norwegian Sea, which includes the 2019 gas discovery Ørn.
Assuming approval from the Norwegian authorities, PGNiG would join existing partners Equinor and operator AkerBP (each holding a 30% stake).
Ørn, with estimated recoverable reserves of 6.75 Bcm of gas, 0.17 MM metric tons of oil and 0.79 MM metric tons of NGL, is 20 km from the Skarv Field, in which PGNiG is an existing partner. Development via the Skarv infrastructure should begin next year, followed by startup in 2026.
Wellesley has signed a letter of intent with CIMC Offshore for use of the Deepsea Yantai semisubmersible, operated by Odfjell Drilling, to drill the Carmen well in PL1148.
This will be Wellesley’s first operated HP/HT well. Carmen is in the Brent fairway in the FANTA area that has delivered four commercial discoveries over the past three years.