Centrica Comes up Dry at Butch East Well

Faroe Petroleum reported Monday that its partner in the PL405 license in the Norwegian North Sea, Centrica, failed to find hydrocarbons at its Butch East (8/10-5S) exploration well.

The well spud on December 29 and reached a total depth of 7,570 feet in the Zechstein salt formation. Targeting sandstones of the Upper Jurassic reservoir of the Ula formation, the well confirmed a "good quality" reservoir but no hydrocarbons were encountered.

The well, drilled in 213 feet of water using the Maersk Giant (350' jack-up) rig, will now be plugged and abandoned.

Centrica is currently working on a development plan for the Butch Main discovery in parallel with drilling the follow-up prospects at Butch East and Butch South West. The Maersk Giant will now move to drill a separate segment a Butch South West.

Faroe Chief Executive Graham Stewart commented in a company statement:

"This is the first of two back-to-back wells, following the successful 2010 Butch Main discovery, on the untested eastern and south‐western sides of the large central Butch salt structure. Whilst the results for the Butch East well are disappointing, Butch South West is structurally independent and a highly prospective target with significant upside potential.  Once Butch East operations are completed, we will move on directly to drill Butch South West.
 
"In the meantime drilling operations are continuing on the first of two side-tracks on the significant Pil discovery in the Norwegian Sea, results from which are expected to be announced in the near future."

Operator Centrica holds a 40-percent stake in the license, while Faroe, Suncor Norge and Tullow Oil Norge hold 15-percent, 30-percent and 15-percent interests respectively.

 



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
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, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Dayang Increases Stake in Malaysia's P... (Jul 28)
 -  Trapoil Merges with Jersey Oil and Gas (Jul 28)
 -  Vermilion Energy Enters Farm-in Agreem... (Jul 28)
 -  Dolphin Begins East Campeche Seismic S... (Jul 28)
 -  Pura Vida: MZ-1 Well Secondary Objecti... (Jul 28)


Most Popular Articles

From the Career Center
Jobs that may interest you
Rig-Up Drivers
Expertise: Fracturing|Rig Mover|Truck Driver
Location: Eastern Ohio, OH
 
Radio Operator
Expertise: Radioman
Location: Amelia, LA
 
Structural Engineer
Expertise: Storeman|Structural Engineering
Location: Texas, TX
 
search for more jobs

Brent Crude Oil : $53.47/BBL 2.10%
Light Crude Oil : $47.39/BBL 1.55%
Natural Gas : $2.79/MMBtu 0.72%
Updated in last 24 hours