Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

North Sea's Magnolia Prospect Comes Up Dry

change text size

The Magnolia exploration well was drilled to its target depth of approximately 4,920 feet true vertical depth subsea, fulfilling the partners' license obligations.

The well hit its primary targets – the Captain, Corable and Punt sandstones within the Lower Cretaceous interval – but no significant hydrocarbons were encountered, according to Trapoil. The well will now be plugged and abandoned.

The operator of license P1610 is Dana Petroleum, which has a 45-percent interest. Partners in the license include: Summit Petroleum (25 percent), Atlantic Petroleum UK (20 percent) and Trapoil (10 percent). The P1610 license is located to the south and southeast of the producing Captain Field in the Moray Firth and is also close to the Blake and Ross fields.

In February, Trapoil reported that it was buying one third of the Trent East Terrace Area license, located in the southern North Sea, from Perenco UK.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment 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.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Pertamina to Deploy New Rig to Drill a... (Sep 19)
 -  Pingvin Well Finds Gas in Barents Sea (Sep 19)
 -  GE Oil & Gas Wins Subsea Manifold Deal... (Sep 18)
 -  Statoil to Lay up COSL Pioneer Rig for... (Sep 18)
 -  Burton on the Wolds Operation to Start... (Sep 18)
Most Popular Articles
From the Career Center
Jobs that may interest you
Flow Assurance Engineer
Expertise: Mechanical Engineering, Subsea Engineering
Location: Houston, TX
 
Project Manager - Subsea
Expertise: Mechanical Engineering, Project Management, Subsea Engineering
Location: Houston, TX
 
Field Engineer (Frac)
Expertise: Field Development, Fracturing
Location: Vernal, UT
 
search for more jobs