Faroe, Lundin Come Up Dry at Clapton
by Jon Mainwaring
Friday, June 29, 2012
Faroe Petroleum Swedish independent oil and gas firm Lundin Petroleum announced Friday that they are plugging and abandoning the Clapton exploration well 2/8-18S on the PL440S license in the Norwegian North Sea.
Lundin said that the well found hydrocarbons in chalks of the Shetland Group and also encountered reservoir rocks, but the reservoir properties were poorer than expected.
The well – drilled to a vertical depth of 7,116 feet (2,619 meters) below the sea surface by the jackup rig Maersk Guardian (350' ILC)
– is now regarded as dry.
Lundin is a partner in PL440S, with an 18-percent interest. Faroe Petroleum is operator of the license, with a 40-percent interest.
In a statement, Faroe Chief Executive Graham Stewart said:
"Whilst the results for the Clapton well are disappointing, the data obtained does provide important new information which will allow further evaluation; particularly in the upper sections of the well where hydrocarbons were encountered.
"This was also Faroe's first operated well in Norway and we are very pleased that it was delivered on budget and drilled safely.
"Faroe Petroleum has a significant and diverse exploration portfolio, and this is an exciting period for the company as we continue operations right now on two high impact exploration wells, the Cooper well in the Norwegian Sea (Faroe 30%) and the North Uist exploration well west of Shetland (Faroe 6.3%). We look forward to the results of the Cooper well which is expected in the next two weeks."
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you
need utilization and industry trends or detailed reports on future rig contracts. Subscribing
to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports
using hundreds of available data columns. For more information about a RigLogix subscription,