The exploration and production company Hess Corporation said that Aspy probe did not encounter commercial quantities of hydrocarbons.
Hess Corporation announced in a press statement that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7,400 meters.
"The prospect did not encounter commercial quantities of hydrocarbons and Hess’ share of the well cost through September 30, 2018 will be expensed in the third quarter and reflected in the company’s Quarterly Report on Form 10-Q," it said.
BP Canada as operator and Hess each hold a 50 percent participating interest.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.
The Aspy D-11 well is part of BP’s Scotian Basin Exploration Project. The well was drilled in Exploration Licence (EL) 2434 in 2777 metres water depth, approx. 330 kms southeast of Halifax, Nova Scotia.