Lundin Petroleum said it has come up dry on the Ornen exploration well in the southern Barents Sea.
The company said it had completed drilling and evaluation of well 7130/4-1 on the eastern parts of the Finnmark Platform.
The well will now be plugged and abandoned.
The main target was consisting of Upper Permian spiculites and carbonates were encountered and cored, but Lundin said the reservoir quality was poorer than expected.
Sampling encountered only water with no indications of movable hydrocarbons.
Lundin said a secondary target was encountered with minor hydrocarbons but also showed poor reservoir characteristics.
The well had been drilled with the semi-submersible drilling unit Transocean Arctic and will be permanently plugged and abandoned.
Lundin Norway is the operator of PL708 with a 40% working interest.
The partners are Edison Norge with a 20% interest, Lukoil Overseas North Shelf with 20% and Lime Petroleum Norway with 10% and North Energy with 10%.
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