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ExxonMobil Canada confirms that highly touted Persephone well was a disappointment

'No evidence of commercial hydrocarbons' were discovered, company says

CBC NewsTerry Roberts

A highly touted exploration well in Newfoundland's offshore that had garnered international attention did not produce the results that energy giants ExxonMobil Canada and Qatar Energy had hoped.

ExxonMobil spokesperson Shelley Sullivan confirmed in an statement to CBC News that the Persephone C-54 exploration well in the Orphan basin "showed no evidence of commercial hydrocarbons."

Sullivan said the well — known in the industry as a wildcat because it was drilled outside of an area with proven oi…

Continued...

Read the full story on the CBC website

ExxonMobil Canada confirms that highly touted Persephone well was a disappointment

SOURCE www.cbc.ca

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https://stjohns.lokol.me/s/exxonmobil-canada-confirms-that-highly-touted-persephone-well-was-a-disappointment-54053-9884582
CBC NewsTerry Roberts, Posted: Sep 16, 2024 4:30 AM EDT | Last Updated: 4 minutes ago
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