Lundin Petroleum said Tuesday it drilled dry at its wildcat well 16/1-24 in the Norwegian North Sea.
The well was drilled about six miles southwest of the Edvard Grieg field in the central part of the North Sea, about 130 miles west of Stavanger.
The primary exploration target for the well was to prove petroleum in Lower Paleocene Ty formation reservoir rocks.
Well 16/1-24 was drilled to a vertical depth of 7,444 feet and measured depths of 7, 542 feet below the sea surface, and was terminated in Upper Jurassic rocks.
The well was drilled in water depths of 344 feet and encountered no Ty formation sandstone, Sweden-based Lundin said.
Data acquisition and sampling have been carried out.
The well has been permanently plugged and abandoned.
Well 16/1-24 is the first exploration well in PL338C and was drilled by the Island Innovator rig.
The Island Innovator is now drilling appraisl well 7220/11-2 at the Lundin operated license PL609.
Lundin is the operator of PL338C with a 50 percent working interest.
Norway-based Lime Petroleum holds a 30 percent working interest and Austria-based OMV holds a 20 percent working interest in the license.