LONDON -- Perenco, an independent E&P company, failed to find a commercial hydrocarbon pay with its Sputnik-1 exploration well offshore Gabon. Perenco’s Sputnik-1 well, which was targeting a pre-salt structure in Gabon’s offshore Arouwe block, encountered a noncommercial hydrocarbon pay in up to 300 m of net sandstone reservoir.
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