VIP:1级
Location: Norwegian North Sea
Value: US$250 Million (estimated)
Water Depth: 360m 
Production License 925 is located in the Norwegian North Sea. Wellesley is the operator of the licence with an ownership interest of 90% and Concedo is a licensee with 10% interest. The licence was awarded in APA 2017. Wellesley drilled the the first two exploration wells in PL925 in July 2018. Well 35/12-6 S encountered a total oil column of about 40 metres in the Fensfjord formation, about five metres of which was effective reservoir consisting of sandstone layers with moderate reservoir quality. The oil-water contact was not encountered. Well 35/12-6 A encountered about 5 metres of aquiferous sandstone with moderate reservoir quality in the Fensfjord formation. The well is classified as dry.
Operators:
Wellesley: 90% interest 
Concedo: 10% interest