United Oil & Gas plc said it expected that the ASH-4 well currently being drilled would deliver a material increase to production in the Abu Sennan licence, onshore Egypt.
OPERATIONS
The company holds a 22% non-operating interest in the joint venture with Kuwait Energy Egypt as operator.
Operations on ASH-4, a step-out development well into the ASH field, are in line with the pre-drill schedule and under budget.
The well has reached 3,956 metres measured depth and is expected it to reach total depth in the coming days.
It will then be tested and completed, before being brought onstream through the existing ASH facilities.
United said that initial logs had been acquired through the primary Alam El Bueib (AEB) reservoir target, with net pay estimated at 20 metres.
ASW-1X
On completion, the ST-1 rig is planned to move to the ASW-1X location (previously named ASF-1X) to begin drilling of the “high-impact exploration well”, targeting circa 8 mmbbls gross recoverable resources.
PRODUCTION
Chief executive Brian Larkin said that results at ASH-4 marked a successful return to drilling on a prolific area of the Abu Sennan licence.
“Based on the initial petrophysical interpretation we expect that this well will deliver a material increase to current production levels.
“The updated technical information from this well, and the three other producing ASH wells coupled with the reprocessed seismic, is expected to further enhance our understanding of the field which will support the optimisation of the recovery of the material reserves and value.
“This provides further encouragement for the forthcoming exploration well and the remainder of our 2022 work programme.”