Britain's JKX Oil & Gas, the operator of the B1-Golitza license in Bulgaria, announced it has plugged and abandoned the Staro Oryahovo South R-01 exploration well in the eastern part of the country.

The well had been drilled to a total depth of 1,875 meters. Gas shows were encountered during the drilling, but subsequent log analysis demonstrated that the target was water wet.

The company started at the beginning of September a two-well drill program in the country to test targets with an estimated resource of up to 60 billion cubic feet (Bcf).

The Staro Oryahovo South R-1 well was drilled to test a submarine fan target of Eocene age in the Kamchia Basin, south west of Varna, Bulgaria.

After the drilling is complete the rig will move to the Shkorpilovtci South West R2 location, 5km to the south.

JKX Oil & Gas signed at the end of May on a CCC-500 drilling unit through Weatherford for two wells in Bulgaria's onshore B1-Golitza Block.

Interests in the B1-Golitza block are held by JKX (40%), Balkan Explorers (Bulgaria) Limited (a 100% subsidiary of Aurelian Oil and Gas PLC) (30%) and Sorgenia International B.V.

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