Doubts over Cairn Energy's £400m Arctic drilling venture after it abandons second well
Tuesday 13 September 2011 18.28 BST
Cairn Energy, the Edinburgh-based oil and gas explorer, is abandoning a second well in Greenland, it said on Tuesday , after its controversial venture to find oil in the Arctic again drew a blank.
The Gamma-1 exploration well off the west coast of Greenland, within the Arctic circle, found no oil or gas.
It is a second serious blow to Cairn's Greenland exploration efforts. The company is drilling five wells in the region in a project costing £400m. Cairn said in August a well further south had proved barren.
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