Faroe Petroleum will plug and abandon a dry well located in production license PL 477 in the Norwegian Sea, after reporting disappointing drilling results.
Oil was found in thin sand stringers within in the Cretaceous Lysing and Lange formations, however, hydrocarbons failed to flow when a formation drill stem test (DST) was performed on the Garn Formation.
The company also conducted formation and pressure tests which confirmed restricted flow within the reservoir and found minimal presence of potential fluid contacts.
The 6506/11-9 S Cooper was drilled to a vertical depth of 4,954m below sea level and was completed in Lower Jurassic formation.
The primary target for the well was to identify hydrocarbons in the middle Jurassic Garn, Ile, Tofte and Tilje Formations, while the secondary target was to prove the Cretaceous Lysing and Lange formations.
Faroe Petroleum chief executive Graham Stewart said that although the DST results on the formation were disappointing the company is encouraged with the poor flow characteristics of the Jurassic reservoir observed in the well.
"We will continue to evaluate the large amount of data that has been collected in the Cooper well to try to resolve why the Garn formation is tight and whether this is likely to be a local or a field wide reservoir phenomenon.
"Our high impact drilling campaign continues with the North Uist well with BP as operator, West of Shetlands and we look forward to spudding the Spaniards well in the UK with Premier Oil as operator in October 2012."
Centrica is the operator of the well with a 40% interest, while Suncor and Faroe Petroleum each hold a 30% stake.