Priodontes-1 Well Comes Up Dry

Tullow Oil reported Tuesday that its Priodontes-1 well, offshore French Guiana, has come up dry.

Drilled to a depth of 20,730 feet, the well encountered no hydrocarbons and has been plugged and abandoned. The Stena Ice Max (DW drillship) rig, which was used to drill the well, will now move to the site of Tullow's Cebus exploration well (GM-ES-4), which the firm said will test a new and separate fan.

Tullow Exploration Director Angus McCoss commented in a company statement:

"Although this well did not encounter significant hydrocarbons, we have added substantially to our knowledge of the formations in this frontier exploration area. The campaign now moves to the Cebus prospect which is located in a separate fan to Zaedyus and Priodontes.

"This means that there is limited read-across for Cebus from the wells drilled thus far. However, all have demonstrated, to differing degrees, that the Cingulata fan system has been charged with oil and Cebus is an excellent prospect from which we can expect a result later this year."

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