Wellesley makes minor oil find in the North Sea

Offshore staff

OSLO, Norway – Wellesley Petroleum has discovered oil 5 km (3.1 mi) south of Wintershall’s Nova field in the Norwegian Sea.

The semisubmersibleTransocean Arctic drilled two wells for Wellesley in production license 925 in 355 m (1,164 ft) water depth, 80 km (50 mi) west of Florø.

According to the Norwegian Petroleum Directorate (NPD), the first, 35/12-6 S, encountered a 40-m (131-ft) oil column in the Fensfjord formation, of which around 5 m (16.4 ft) comprised sandstone layers with moderate reservoir quality.

The follow-up delineation well, however, was dry.

The NPD estimates recoverable oil in the range of 0.5-1.3 MMcm. It said the licensees would review the results and consider follow-up work with other nearby prospects and discoveries.

The Transocean Arctic will next drill wildcat well 35/12-7 on the same license.

07/05/2018