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Wellesley Petroleum Receives Consent to Drill Exploration Well 25/1-13

Source: www.gulfoilandgas.com 1/7/2019, Location: Europe

Norway's Petroleum Safety Authority has given Wellesley Petroleum consent to drill exploration well 25/1-13 in production licence PL 871 in the North Sea. The area where the well is to be drilled is in the central North Sea, 42 kms north of the facilities on the Jotun field and 153 kms from land (Gis?y in B?mlo municipality in Hordaland county).

The well has the following coordinates: 59 49' 15.455" N 02 16' 37.037" E. Water depth at the site is 109 metres.

The drilling operations are scheduled to begin on 22 January 2019. The drilling will last 30 days if the well is dry and up to 52 days if hydrocarbons are discovered.

The well is to be drilled by the Transocean Arctic mobile drilling facility, which is a semi-submersible 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.

Wellesley has given well 25/1-13 the name 'Balcom'.

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