Premier Oil abandons dry well in the UK

Exploration and production company Premier Oil has plugged and abandoned two wells but says that one could potentially be commercial.

Exploration and production company Premier Oil has plugged and abandoned two wells but says that one could potentially be commercial.

The Coaster exploration well in Block 28/10 in the UK reached a total depth of 5,684ft but is now being plugged and abandoned as a "dry hole", the company said in a statement on Monday morning.

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