United Oil & Gas plc said that drilling the Al Jahraa-13 (AJ-13) development well proved it be the seventh consecutive successful well since the company acquired the Abu Sennan licence, onshore Egypt.
RESULTS
United today reported that AJ-13 had encountered 17.5m of net pay in the oil-bearing Upper and Lower Bahariya reservoir targets.
The well reached total depth of 3,840m several days ahead of schedule and under budget.
AJ-13 is the fifth of five successful wells drilled at Abu Sennan this year.
PROGRAMME
United said that the well would be tested and completed in the coming days and then brought onstream through the existing Al Jahraa facilities.
AJ-13 well is the final well in the Abu Sennan 2021 drilling programme before the 2022 programme begins.
FUTURE EXPLORATION
Chief executive officer Brian Larkin added that all the wells had been brought into production quickly, generating cash flow for the company.
“The 2021 drilling campaign has further de-risked the exploration potential at Abu Sennan and the development wells have provided further valuable data for future exploration drill targets two of which are included in the 2022 programme: ASF-1X and AST-1X.
“This is a great way to finish 2021, and we look forward to commencing the 2022 drilling campaign, with a number of development and exploration wells planned.”
United holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt.