The wells, which are located within tie-back vicinity to Statoil’s 2013 Bay du Nord discovery, did not result in the discovery of hydrocarbons.
“These results are disappointing, as we had hoped to add additional optionality to the near-field area at Bay du Nord,” said Trond Jacobsen, Vice President of Exploration at Statoil Canada.
“We will now take the time needed to evaluate the results before firming up any plans for additional drilling near-field to Bay du Nord.”
Volume estimates for Bay du Nord, including the Bay de Verde and Baccalieu discoveries, remain an estimated 300 million bbl of recoverable oil, as previously announced after Statoil’s 2014 - 2016 drilling campaign.
The company continues to evaluate future drilling activities in other areas where the company holds acreage in the frontier Flemish Pass Basin. Its assessment of the commercial potential of the Bay du Nord discovery is also ongoing.
