The target reservoir was Eocene Balder aged sandstone and the key risk was reservoir presence and quality.
The well was drilled to a depth of 4005 m below sea level with the Diamond Ocean GreatWhite drilling rig in a water depth of 1452 m. The target interval contained 44 m of siltstone and claystone with gas shows but the well did not encounter reservoir quality sandstone. As a result, the well was plugged and abandoned.
The P1854 partnership is Siccar Point (33.34%, operator) and Ineos (66.66%). Jonathan Roger, CEO of Siccar Point, commented: “We look forward to continuing to explore the area, which we believe still has prospectivity, and will be looking at participating in forthcoming UK licensing rounds in order to do that.”
Read the article online at: https://www.oilfieldtechnology.com/exploration/01072019/siccar-point-energy-makes-announcement-on-lyon-exploration-well/