Mixed Fortunes at Petroceltic

摘要

London-listed explorer Petroceltic said Tuesday that it will plug and abandon its Si- di Toui-4 exploration well in Tunisia. It said evaluation of the well, in the Ksar Hadada Block, indicated that oil saturation and reservoir fracturing were insufficient to justi- fy testing. The CTF Rig 06 will be demobi- lized. Petroceltic CEO Brian O'Cathain said the company will review the data collected from the well before deciding whether to continue further exploration in the block.