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Insider UK
Insider UK
Business
Ken Symon

Exploration stopped on Cairn Energy Mexican offshore prospect

Operations have been abandoned on a Mexican oil prospect in which Edinburgh-based Cairn Energy has a 30 per cent interest.

It announced that work had been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, in which Carin has an interest through subsidiary Capricorn Energy Mexico.

The exploration target of the well was to prove hydrocarbons in the Lower Miocene.

The well did not find reservoired hydrocarbons and it has now been permanently plugged and abandoned.

Cairn said that the logging, sampling and data collection during the well operations will help the joint venture calibrate the seismic data and develop an improved understanding of the Lower Miocene target.

It said that the information gathered will be integrated to improve the understanding of the Block and inform the second well decision.

The well is located 65 kilometres offshore and was drilled by the Valaris 8505 semi-submersible rig in water depth of 426 metres and reached a total depth of 4,451 metres.

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