7th Feb 2014 07:55
LONDON (Alliance News) - Trinity Exploration & Production PLC Friday said its El Dorado well offshore Trinidad has failed to find commercial levels of net oil and gas.
The oil and gas exploration and production company with operations in Trinidad and Tobago said the well was drilled to a total depth of 6,174 feet measured depth and intersected a shallow gas sand which held roughly 13 feet of net oil sands and 32 feet of net gas sands.
However, the company deemed these amounts to not be commercial and now plans to permanently plug and abandon the site.
The well went into test production on December 6 with the primary objective to test an undrilled fault block in the west of its Brighton field.
Trinity has a 70% operated interest in the El Dorado exploration well while the Petroleum Company of Trinidad and Tobago Ltd holds the other 30% of the site.
By Tom McIvor; [email protected]; @TomMcIvor1
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