Reposted from WorldOil.com
ABERDEEN — Operator Siccar Point Energy has completed an exploration well 208/02-1 on the Lyon Prospect in License P1854 in the West of Shetland. The purpose of the well was to test both a new play concept and an extensive seismic amplitude anomaly with attributes characteristic of gas accumulations. The target reservoir was Eocene Balder aged sandstone and the key risk was reservoir presence and quality.
The well was safely and cost effectively drilled to a depth of 4,005 m below sea level with the Diamond Ocean GreatWhite drilling rig in a water depth of 1,452 m. The target interval contained 44 m of siltstone and claystone with gas shows but the well did not encounter reservoir quality sandstone. As a result, the well was plugged and abandoned.
The P1854 partnership is Siccar Point (33.34%, operator) and Ineos (66.66%).