Cairn hopes rise with Greenland find

On the job: the Stena Don

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Anthea Pitt

 21 September 2010 07:48 GMT

Edinburgh-based Cairn Energy has hit gas with the Alpha-1S1 well, drilled in the Sigguk Block in Greenland's sector of the Baffin basin, but said that a find at T8-1 had failed to prove commercial.



Cairn said the well had been drilled to an intermediate depth of 4358 metres and hit gas shows in silty and volcanic sections over several hundred metres.

Oil had also been observed over a 400-metre section in the volcanic and volcano-clastic intervals of the well which required further evaluation.

“The presence of both oil and gas confirms an active, working petroleum system in the basin and is extremely encouraging at this very early stage of our exploration campaign for the Sigguk Block and the entire area,” Cairn chief executive Bill Gammell…

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