The company said the well, targeting up to 100 million barrels, yesterday reached a total depth of 3000m.

“In the absence of any hydrocarbon shows or log anomalies, the well will now be plugged and abandoned without any further evaluation,” Pan Pacific said.

Bricklanding-1 is 9km east of the Saladin oil field and 17km south of the Chervil oil field.

The well was being drilled vertically to primarily test the reservoir potential of the Calypso/Lower Dingo objective before being deviated into the North Rankin Formation.

Mapped using 3D seismic data, the well was testing a “significant” low-side fault closure against the Flinders fault.

Partners and interests in Bricklanding-1 are Santos (technical operator – 63.369%), Apache (operator - 20%), Tap Oil (12.474%) and Pan Pacific (4.157%).