MPX’s Timon Adventure Unsuccessful (UK)

MPX Energy has announced that drilling operations have been completed on the Timon exploration well 211/11b-7 in Licence P1633 located the UK Northern North Sea.

The well, drilled by the Transocean John Shaw semi-submersible drilling rig, reached a total depth (TD) of 10,787 ft but did not encounter commercial hydrocarbons and will be plugged and abandoned. The partners in the P1633 Licence are MPX North Sea Limited (Operator, 15%), Agora Oil & Gas (UK) Limited (a wholly owned subsidiary of Cairn Energy PLC) (25%), TAQA Bratani Limited (18%), Wintershall E&P Limited (17%), Sorgenia E&P (UK) Ltd (15%) and Valiant Causeway Limited (10%).

[mappress]
March 1, 2013