Chief financial officer Sergio Castro told Upstream that while the company had originally planned to reach total depth on the Fang well on its 100%-owned South Timbalier 75 prospect, drilling was halted after no commercial hydrocarbons were found.
"We were well within our objective and hadn't found anything so we decided to terminate where we were," Castro said.
"It was originally supposed to go deeper, but based on the results we had seen thus far, we determined there was no need to go any further."
He
