Noble Energy has plugged and abandoned its Humpback well in waters off the coast of Falkland after non-commercial quantities of oil and gas were discovered.
The company said a full assessment and integration of drilling results was on-going to determine the remaining exploration potential in the southern area license.
Noble said the rig which drilled the Humpback well will be released to another operator before returning to the company to spud the Rhea prospect later this year or early next year.
Falkland Oil and Gas (FOGL) said it has encountered the possible presence of hydrocarbon at its Humpback exploration well.
The company said the well has been drilled to 4,718metres and intermediate wireline logs have indicated hydrocarbon bearing sandstones within the main target horizon.
The well is now being depended to evaluate additional targets.
