Located in 1,002m of water, the well found a thick Upper Cretaceous section with cemented sandstones and the anticipated stratigraphically deeper reservoir section was absent at this location.
According to the company, initial geochemical analysis of the background gas composition shows the presence of pre-Tertiary oil prone source rocks in the basin.
Cairn Energy chief executive Simon Thomson said although no reservoir has been found in the LF7-1 well, the company is encouraged by further indications of pre-Tertiary oil-prone source rocks across its Greenland acreage.
