Siccar Point Energy is planning to plug and abandon an exploration well drilled on the Lyon gas prospect north of the Shetland Islands, after it came up dry.
The private equity-backed player completed the closely watched 208/02-1 well on Licence P1854 but the well failed to hit pay, although it did show traces of gas.
Jonathan Roger, chief executive said: “We look forward to continuing to explore the area, which we believe still has prospectivity, and will be looking at participating in forthcoming UK licensing rounds in order to do that.”
