April 17 Shares in oil companies Tullow Oil
, Royal Dutch Shell and Total SA, fell
after a well in offshore French Guiana did not find significant
Shell, Total, Tullow Oil, Northern Petroleum and
Wessex Exploration, which together own the permit to
the block, said they have decided to drill further at the well.
Tullow Oil, which was trading down 10 percent, was the
biggest percentage loser on the FTSE 100 index.
Shares in Shell and Total were down about 2 percent in
midday trading. Shell was taking 7.87 points off the FTSE 100 -
the biggest single drag on the index.
Northern Petroleum was down 18 percent, while Wessex plunged
The GM-ES-3 exploration well at the Guyane permit is the
second well of a four-well exploration drilling campaign at the
project that began in 2012, following oil discovery at the
GM-ES-1 well in 2011.
The GM-ES-3 well intersected a 50 metres gross section of
oil stained sands and is now targeted to reach a final depth of
(Reporting by Brenton Cordeiro in Bangalore, additional
reporting by David Brett in London; Editing by Saumyadeb