Statoil Exploration Ireland today confirmed that it has completed exploratory drilling in the Cong prospect off the north-west coast without finding oil.
The exploration well has been plugged and abandoned, and the well data will now be analysed to ascertain whether further exploration of the area would be worthwhile. The Cong prospect is located in the Slyne basin.
Statoil is the major exploration operator in this sector with a 49.9 per cent interest. The other licensees are Shell E&P Ireland with a 35.1 per cent share and Murphy Ireland Offshore with a 15 per cent stake.