Cairn, which hopes to open up a brand new multibillion barrel basin in Greenland, said on Tuesday which drilling continued at another well, the Delta-1 well, but to date that had shown only minor indications of hydrocarbons.
The organization, adding a fifth well to its Greenland drilling arrange for 2011, said that the Gamma-1 well did not find any shows of gas and oil and the rig would move south to drill the additional well.
Cairn's focus on Greenland has intensified since a current deal to reduce its stake in its Indian unit however the company disappointed investors earlier in August when the very first well of its 2011 summer exploration programme, LF7-1, arrived up dry, illustrating the difficulties of finding oil within the vast, little-explored Arctic territory.
Cairn will spend $600 million this season drilling a total of four wells in its make an effort to open up a new oil province in Greenland.
The drilling campaign has sparked protests from environmental groups who object to searching for oil in the remote, pristine Arctic and the organization, which due to harsh weather has a narrow eye-port for drilling, has had its activities interrupted by protesters several times.