Cairn Energy has reported that initial interpretation of the Tybalt appraisal well 211/8c-5 in the North Sea has shown little indication of the presence of moveable hydrocarbons from the well, prompting Valiant, the operator of the well, to suspend the well.
The results indicate that the hydrocarbon saturations recorded throughout the section were broadly similar to the nearby 211/8c-4z discovery well drilled in 2010. Porosities were also similar, but the permeabilities recorded in the current well were generally at the low end of expectations, the firm said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
8 of the best properties for sale with communal gardensThe best properties for sale with access to communal gardens – from an apartment in a listed building opposite London’s Hyde Park, to a wing of a mansion with access to 180 acres of parkland in Henley-upon-Thames
-
The five insurance policies you should haveSome insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
