Premier Oil abandons its North Sea oil well

PREMIER Oil’s Bluebell exploration well in the North Sea will be plugged and abandoned after the project was hit by technical difficulties, the UK explorer said yesterday.

The next exploration wells to be drilled in the region are the Stingray and Carnaby wells. Both wells are planned for the commencement of drilling in early April with results expected in May.

The company said it had also made some progress with prospects in Pakistan.

Premier Oil chief executive Simon Lockett said: “We recognised the geological risks of the Bluebell prospect and farmed down prior to drilling to manage this exposure.”