Wellesley Receives Consent for Exploration Drilling in the North Sea

Wellesley is the operator for production licence 248 I. We have now given the company consent to drill exploration well 35/11-21 S, which aims to investigate a prospect named "Grosbeak West".

The well is in the North Sea and the drilling location's geographical coordinates will be:
61° 09’ 28.15” N
03° 38’ 56.52” E

Drilling is planned to begin on 1 July 2018, with a duration of around 76 days, depending on whether a discovery is made.

The well is to be drilled by Transocean Arctic, which is a semi-submersible mobile drilling facility of the Marosso 56 type, built by Mitsubishi Heavy Industries in Japan in 1987. It is classified by DNV GL and registered in the Marshall Islands.

The facility is operated by Transocean Ltd and received Acknowledgement of Compliance (AoC) from the PSA in July 2004.

The well is the third and last self-operated well for Wellesley Petroleum to be drilled by Transocean Arctic.