LONDON (ShareCast) - (Sharecast News) - Tullow Oil said on Friday that it has plugged and abandoned an exploration well offshore Guyana.
The company said drilling operations at the Beebei-Potaro exploration well, drilled in the Kanuku licence, have been completed. The well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing.

The Noble Regina Allen rig drilled the well to a total depth of 4325 metres in 71 metres of water and the well has been plugged and abandoned. Tullow said it will integrate the well results into its regional subsurface models and work with its joint venture partners before deciding on next steps.

Repsol operates the Kanuku licence with a 37.5% working interest. Tullow holds a 37.5% interest, while TOQAP has 25%.

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