Statoil Petroleum, a Norway-based oil and gas company has announced that the wild cat well 16/8-3 spud in the North Sea is dry.
The exploration well 16/8-3 in the production license 360 (PL360) was drilled approximately 40km east of the Sleipner Øst gas condensate field and 60km south of the Johan Sverdrup discovery in the central part of the North Sea.
Statoil drilled the well to prove petroleum in Permian reservoir rocks (the Rotliegendes Group). The reservoir quality of the Rotliegendes Group intersected during the drilling was poorer than expected and Statoil announced the well is dry.
Drilled to a vertical depth of 3,218m below the sea surface, the well was terminated in the Rotliegendes Group in Permian. Statoil said it will permanently plug and abandon the well.