Statoil’s Brugdan II well offshore the Faroe Islands is being plugged and abandoned after finding no hydrocarbons.
The well, which was a re-entry of the 6104/21-2 well, was drilled to 4542m, 130km offshore the Faroe Islands.
Drilling was operationally challenging and failed to reach the Vaila Sandstone target, said partner Atlantic Petroleum.
The well was suspended in late November 2012 after weather closed in. It was re-entered in May using the West Hercules semisubmersible drilling rig (pictured) in 450m water depth.
Brugdan is a large four-way dip closure in the Tertiary that was previously drilled in 2006 by the 6104/21-1 well. The 6104/21-1 well was abandoned prior to reaching the Vaila Sandstone target due to mechanical issues.
Brugdan II is in Faroes License 006, which covers 579sq km. The well is operated by Statoil who holds a 35% interest in the license, Faroes License 006. Atlantic Petroleum has 1% interest, with 49% held by ExxonMobil and 15% by OMV.
West Hercules will now move on to licence 008 in the Faroe Islands, where Statoil also is operator, to drill the Sula/Stelkur well.
Ben Arabo, Atlantic’s CEO, said: “We are disappointed that the well did not reach the Vaila sandstone. However, our 1% interest has meant that our cost exposure has been limited and below our pre-drill estimate. We now look forward to the upcoming Pegasus well in the UK, due to spud within the next two weeks, and the potential high impact Ivory well later in the year in Norway.“
Atlantic has previoulsy said the Brugdan II well will be a key data point in determining the future potential of the fairway.
Statoil has been in the Faroe Islands since 2000 and holds a significant acreage position with four operated licences. The licences are basalt-covered and target multiple and diverse plays.