Irish Times: Tullow abandons well in Norway after it fails to find hydrocarbons

Oil and gas producer Tullow Oil said it had plugged and abandoned a well in the Norwegian North Sea after it failed to find any hydrocarbons.

The company said it did not encounter hydrocarbons in the Lupus exploration well, located 35 kilometres southeast of the Oseberg South field in the North Sea.

It was the first well in production licence PL 507, Tullow said today. Tullow reported a $415 million pretax write-off in net exploration in the first half of 2014 due to dry holes drilled in Mauritania, Ethiopia and Norway over the past 6 months and various licence cancellations.

Tullow’s partner Det norske said in late May that the company had drilled a dry well in the Gotama prospect in the Norwegian sector of the North Sea, where Tullow has an 80 percent stake.
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