UK supermajor BP has come up dry with the closely watched Ironbark-1 exploration well, off the coast of Western Australia.
Well partner Beach Energy revealed Tuesday the wildcat well in WA-359-P had reached a total depth of 5618 metres and intersected the primary target Mungaroo formation at 5725 metres.
However, Beach revealed “no significant hydrocarbon shows” had been encountered in the target sandstones.
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