Granby Oil and Gas reports that drilling of North Sea exploration well 21/6b-6 has been completed. The well began drilling on 18th June 2005 with the rig Bredford Dolphin operated by Century Exploration (U.K.) and was targeting a Palaeocene Sandstone reservoir.
The reservoir was encountered close to prognosis, but was found to be water bearing. The well, which was drilled at no cost to Granby, is to be plugged and abandoned.
David Grassick, Managing Director of Granby Oil and Gas, said: "Naturally, we are disappointed that this was not a better result for our first well, but we have many excellent prospects which we are preparing to drill over the next couple of years.
"We are already preparing a multi-well programme for 2006 based on our 22nd round licences, as well as looking forward to the results of the 23rd Licensing Round which we hope will provide further opportunities."