Wellesley Petroleum

company

About

Wellesley Petroleum is focused on hydrocarbon exploration in Norway. The Company has built a team of highly experienced industry.

Details

Last Funding Type
Private Equity(PE)
Industries
Bitcoin,Energy,Oil and Gas
Founded date
Apr 10, 2014
Number Of Employee
11 - 50
Operating Status
Active

Wellesley Petroleum is focused on hydrocarbon exploration in Norway. The Company has built a team of highly experienced industry professionals. Wellesley is qualified as an operator and in Q3 2017 the Company drilled its first operated well. From these foundations Wellesley is developing a material and sustainable exploration business on the NCS by the following means:

Generating new technically and commercially attractive prospects
Accessing a material acreage bank via licence rounds and new business initiatives
Planning and executing a sustainable drilling campaign of high ranked exploration targets
Building capacity and ensuring financial flexibility to take discoveries forward
Wellesley’s Vision is to build a leading E&P business that is recognised for its enduring ability to create value. The execution of our strategy will be underpinned by our five Core Values: Teamwork, Clarity, Ownership, Humility and Integrity.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
Wellesley Petroleum has raised a total of — in funding over 2 rounds. Their latest funding was raised on Jun 14, 2015 from a Private Equity(PE) round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 14, 2015 Private Equity(PE) 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Wellesley Petroleum is funded by 1 investors. Blue Water Energy are the most recent investors.
Investor Name Lead Investor Funding Round
Blue Water Energy Private Equity(PE)

Employee Profiles

Number of Employee Profiles
1
Wellesley Petroleum has 1 current employee profiles, including Employee Kari Langvik Østhus