Statoil Abandons Cong Well

Statoil Exploration Ireland has completed exploratory drilling in the Cong prospect off northwest Ireland without success.

The exploration well has been plugged and abandoned. Drilling was carried out by the Transocean's semisub, Sedco 711.

The well data will now be analyzed to ascertain whether further exploration of the area would be worthwhile. The Cong prospect is located in the Slyne basin.

Statoil is operator with a 49.9 percent interest. The other licensees are Shell E&P Ireland (35.1 percent) and Murphy Ireland Offshore (15 percent).
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