Why is the Norwegian Continental Shelf still a hotbed for oil exploration? The answer might surprise you!

Why is the Norwegian Continental Shelf still a hotbed for oil exploration? The answer might surprise you!

Despite the growing momentum toward renewable energy and the global push for decarbonization, interest in oil and gas exploration on the Norwegian Continental Shelf remains robust. The Norwegian Petroleum Directorate reported a steady influx of applications from oil and gas companies looking to secure new exploration licenses, underscoring the region’s continued appeal for fossil fuel […]

Wellesley Petroleum makes Carmen discovery in PL1148, Norwegian North Sea

Wellesley Petroleum makes Carmen discovery in PL1148, Norwegian North Sea

Norway-based oil company Wellesley Petroleum AS has announced the Carmen discovery, a significant commercial hydrocarbon discovery in the North Sea, according to the Norwegian Petroleum Directorate (NPD). The exploration well 35/10-10 S and appraisal sidetrack well 35/10-10 A, operated by Wellesley Petroleum in licence PL1148 (Wellesley 50%, DNO 30%, Equinor 10%, AkerBP 10%) using the […]

Snorre expansion project in North Sea set to begin production

Snorre expansion project in North Sea set to begin production

Norwegian authorities have approved Equinor and partners’ plans to begin production from the Snorre expansion project in the North Sea. In July 2018, the Norwegian Ministry of Petroleum and Energy approved the plan for development and operation (PDO) for the expansion of the Snorre field for increasing recovery from it by almost 200 million barrels […]