LONDON Nov 30 Cairn Energy PLC
said on Wednesday two wells it drilled in Greenland and which it
hoped would open up a new frontier in oil exploration, were
being plugged and abandoned as uncommercial.
Cairn said it still believed Greenland had the elements that
could offer "ingredients for success" and that it was
considering conducting further seismic work in the area next
Cairn's campaign has been closely watched by industry rivals
such as Exxon Mobil, which have also acquired licences
The drilling has provoked protests from environmentalists
who fear a spill in the Arctic region could prove catastrophic.
Edinburgh-based Cairn said it was in discussions with
potential partners about buying into its Greenland licences.
The At7-1 well and At2-1 wells in the Atammik block both
West of Greenland failed to discover oil.