The well encountered a Brent sand formation with low oil saturations, indicative of a residual oil column which has been breached, and the well will now be plugged and abandoned as a dry hole.
Following the completion of Valient‘s operations on the ‘H’ Panel, the John Shaw semi-submersible drilling rig will move to the Don Southwest field to drill the initial well of the Phase III program with a pilot hole into Area ‘E’.
The Area ‘E’ is an exploration target which Valiant currently estimates could contain gross resources of 7-10 million barrels of oil.
