Oil and gas company Tullow Oil plc (TLW.L) Tuesday said it did not encounter any hydrocarbons in the main target reservoir, the Priodontes-1 well, offshore French Guiana, which has now been drilled to a total depth of 6,318 metre in water depths of 1,750 metre. The well has therefore been plugged and abandoned.
The company further said the Stena Ice Max rig will now move to the site of the Cebus exploration well GM-ES-4 and added that spudding of this well, which is expected to test a new and totally separate fan, is due within the next two weeks.
Commenting on the development, Angus McCoss, Exploration Director of Tullow Oil said, "...The campaign now moves to the Cebus prospect which is located in a separate fan to Zaedyus and Priodontes. This means that there is limited read-across for Cebus from the wells drilled thus far. However, all have demonstrated, to differing degrees, that the Cingulata fan system has been charged with oil and Cebus is an excellent prospect from which we can expect a result later this year."
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