The company said that no significant reservoir quality rocks were encountered although logging and sampling proved the presence of gas/condensate. The well is now being P&A’d.
The Araku well was drilled in block 54 in water depths of about 1,000 m (3,281 ft). Tullow Oil operates block 54 with a 30% interest alongside joint venture partners, Statoil (50% interest) and Noble Energy (20% interest).
Angus McCoss, exploration director, said: “The Araku-1 well was an ambitious wildcat exploration well that was drilled efficiently and at very low cost. While we have not made a commercial discovery, we are encouraged by recovering gas condensate from the well and remain fully committed to exploration in Suriname and Guyana.
“Tullow continues to pursue the considerable prospectivity and potential of this large license and the wider region. We will now consider our next steps with our joint venture partners.”