The Irish exploration and production company drilled the NFA-1 exploration well to a depth of 1,077 metres, the shows the well reached failed to meet pre-drilling expectations. This development comes on the heels of a similar outcome in June from Circle’s ANS-2 exploration well reaching a total depth of 1,070 metres.
The rig used to drill the NFA-1 well will instead drill the Ksiri South exploration well located in the Rharb Basin and will target the Miocene Gaddari sands.
“We look forward to drilling the Ksiri South exploration well which has the potential to open up a new play type for the Sebou permit,” said Mitch Flegg, Circle’s CEO, in a company statement on Monday.
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
This website uses cookies.