News Oil & Gas

United revenue falls and capex rises in ‘challenging’ year

United Oil & Gas plc’s revenue fell and capital expenditure rose from mixed results in a “challenging year” at its Abu Sennan interests, onshore Egypt. FINANCES The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. Audited results for the year ended 31 December 2022 show revenue of […]

News Oil & Gas

United spuds ASD-3 and notes strong ASH-8 performance

United Oil & Gas plc has spud the ASD-3 development well on the joint venture Abu Sennan licence, onshore Egypt. ASD-3 The company holds a 22% non-operating interest in the licence, which is operated by Kuwait Energy Egypt. ASD-3 will be drilled to approximately 1.2km to the north-west of the ASD-2 well which was drilled […]

News Oil & Gas

United starts early production from ASH-8

United Oil and Gas plc has started production six weeks before the anticipated date from the ASH-8 development well in the Abu Sennan joint venture (JV) licence, onshore Egypt. ASH-8 The well is the JV’s first in its 2023 campaign and the fifth well in the ASH field, with production through existing ASH facilities. ASH-8 […]