Wintershall Dry at Norwegian Well

North Energy has reported disappointing results from the Kakelborg PL 370 well following the spudding and drilling of the Norwegian North Sea Well.

The well, which was spudded on the 5th of July, was not found to be positive for any hydrocarbons. Initial estimates from North Energy of the prospect had put possible reserves at between 108 and 256 million barrels of oil equivalent.

However, following drilling operations which encountered no hydrocarbons, operator Wintershall will now plug and abandon the dry well, North Energy has reported.

North Energy is a minor shareholder in the Kakelborg well with a 10 per cent stake. Operator Wintershall Norge holds a 40 per cent while Cairn Energy subsidiary Agora and Concedo hold a 30 per cent and 20 per cent stake respectively.