News Oil & Gas

United marks significant potential of ASH-3, Egypt

United Oil & Gas plc announced that latest test results showed significant growth potential of the ASH-3 development well in the Abu Sennan concession, onshore Egypt.

Excellent: United Oil & Gas says that the ASH Field continues to out-perform the company’s estimates (United Oil & Gas)

The ASH-3 development well is a step-out development well in the ASH Field and was spudded on 4 January. bityl.co/5ivX

United today said that preliminary results indicated a maximum flow rate of 6,379 bopd and 6.7 mmscf/d (c. 7,720 boepd gross; 1,700 boepd net) from the Alam El Bueib (AEB) reservoir during well-testing on a 64/64″ choke.

On a reduced, 30/64″ choke, expected to be more representative of the producing flow rates, the well flowed at 3,561 bopd and 2.9 mmscf/d (c. 4,140 boepd gross; 910 boepd net).

United, which owns a 22% non-operating interest in Abu Sennan, added that the well was expected to be brought onstream in the coming days by site operator Kuwait Energy Egypt.

The ED-50 rig will now move to the north of the licence, close to the producing Al Jahraa field to start drilling the ASD-1X exploration well.

ASD-1X is targeting the Abu Roash reservoirs in the Prospect D structure and, if successful, can quickly be brought into production.

“The ASH Field continues to out-perform our estimates and following on from the success of the 2020 drilling programme, this is another excellent drilling result that demonstrates its significant growth potential,” said United chief executive officer Brian Larkin.

“This result is a very positive development for the Abu Sennan partnership as a whole, and, when brought on production over the coming days, ASH-3 will provide a significant boost to the concession-wide production rates that averaged 10,500 boepd gross (2,310 boepd net) during January 2021.

“We look forward to the spudding of the forthcoming exploration well and the remainder of our 2021 work programme.”

United Oil & Gas has a portfolio of development, appraisal and exploration assets across Egypt, the UK, Italy and an exploration licence in Jamaica.