Faroe, Lundin Come Up Dry at Clapton

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.

The well is located approximately three miles east of the Eldfisk East field and six miles north of the Valhall field.
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."


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