Spain’s Repsol is flying the coop on the Sandia exploration well off the Canary Islands after the find proved to be very thin, with non-exploitable layers.
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The Rowan Renaissance. From Rowan. |
Sandia is located in the Atlantic Ocean, approximately 60km from Lanzarote and Fuerteventura, in the Aaiun-Tarfaya sedimentary basin.
According to Repsol, the well reached a total depth of 3093m, where the analysis of samples obtained showed the presence of gas (from methane to hexane) but without the necessary volume nor quality to consider future extraction. The exploratory survey confirmed that oil and gas have been generated in the basin, although the deposits found have been saturated with water and the hydrocarbons present are in very thin, non-exploitable layers.
Repsol plans to seal the well next week and will not carry out further exploration activities in the area.
In August, Repsol gained the Spanish government’s approval to begin drilling offshore the Canary Islands, where the company is the operator of Blocks 1-9. Drilling at Sandia began on 18 November.
The Rowan Renaissance dynamically-positioned drillship, which was used for the Sandia well, will return to Angola to continue Repsol’s exploration campaign.
At the beginning of the campaign, Repsol estimated the possibility of finding hydrocarbons at between 15% and 20%.
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