Carnarvon Energy has said that wireline logging operations have been completed on the Buffalo-10 well offshore East Timor, with the oil column deemed to
be residual and uncommercial.
The well will be left in a safe condition and the rig demobilised.
Carnarvon Energy Managing Director and CEO, Adrian Cook, said: “The results from Buffalo-10 well are disappointing for the Carnarvon team and shareholders, but now our attention moves to the commencement of the high impact Pavo-1 and Apus-1 exploration wells within the next month in the Bedout basin.
The Buffalo-10 well was drilled offshore Timor-Leste in the TL-SO-T 19-14 PSC, in which Carnarvon holds a 50% interest.