Longboat Energy, the emerging full-cycle North Sea E&P company, announces that the Copernicus exploration well in licence PL1017 offshore Norway (Company 10%) was dry and will now be plugged and abandoned.

Exploration well 6608/1-1S operated by PGNiG Upstream Norway AS, was targeting Plio-Pleistocene formations in the Vøring Basin region of the Norwegian Sea. The well was drilled to a total vertical depth of 2,400 metres below sea level. Background gas readings were recorded, but the well failed to encounter any effective reservoir. Analysis of the data collected remains ongoing to understand the observed bright seismic amplitude anomaly and any remaining prospectivity in the area.

The drilling operations were carried out well within the time schedule and below budget.

Helge Hammer, Chief Executive of Longboat, commented:
“Naturally, we are disappointed that the Copernicus well was not a success but we look forward to continuing our fully-funded, gas-focused exploration programme with the results of the Oswig well expected shortly.” 

KeyFacts Energy: Longboat Norway country profile