The Wick exploration well 11/24b-4 in license P2235 in the inner Moray Firth area of the UKCS is in the process of being plugged and abandoned after disappointing results. Upland Resources Limited in a consortium with Corallian Energy, Baron Oil and Reabold has announced that the well is dry.
The objective of the well, the middle Jurassic Beatrice Sandstone, was encountered at a depth of 933.5m but was found to be water bearing.
Prior to drilling, Corallian and Baron had estimated the prospective recoverable resources of 26 million barrels of oil equivalent in the Wick prospect, with the whole Wick structural complex reckoned to hold prospective proven and probable resources of around 250 million barrels of oil.
