Statoil has come up dry at its wildcat well 35/2-3, the Norwegian Petroleum Directorate reported Thursday.
The objective of the well was to prove petroleum in Paleocene reservoir rocks in the Balder and Sele formations.
The well encountered the Balder formation with reservoir rocks and reservoir quality as expected, but the well was dry. The Sele formation was not encountered.
The well is the second exploration well in production license 318, where Statoil is the operator. The license was awarded in Norway's 18th licensing round.
The well was drilled to a vertical depth of 5,269 feet (1,606 meters) below the sea surface and was terminated in the Shetland group in the Upper Cretaceous.
Water depth at the site is 1,152 feet (351 meters). The well will now be permanently plugged and abandoned.
Well 35/2-3 was drilled by the Scarabeo 8 (UDW semisub) drilling rig, which will now proceed to the Barents Sea to drill for ENI Norge.
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