Canadian oil and gas firm Sterling Resources has abandoned drilling at the Muridava well in Romania’s Black Sea.

The company holds a 40% stake in the well, which was drilled on 11 April 2014 to a total measured depth of 2,747m.

Sterling said it did not find any hydrocarbon accumulations at the well and failed to reach a secondary target in the Lower Cretaceous.

The well is on the same geological trend as the current Olimpiyskaya and Eugenia gas discoveries, with targets in three formations.

"We have two more drilling locations on this concession, which we will be reviewing with the operator and will likely return to drilling on this Block in 2015."

Earlier in May 2014, Sterling said the operator of Muridava Block indicated that the other two commitment wells for the block have been postponed to 2015.

Sterling Resources CEO Jake Ulrich said: "We are disappointed with the Muridava 1 well and that operating conditions prohibited the reaching of the full targeted depth.

"We have two more drilling locations on this concession, which we will be reviewing with the operator and will likely return to drilling on this Block in 2015."

Sterling Resources is engaged in the exploration, development and production of crude oil and natural gas in selected areas of the world.

Apart from Romania, Sterling has assets in the UK, France and the Netherlands.

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