United Oil & Gas plc noted no hydrocarbons following completion of drilling operations on the ASW-1X exploration well at the Abu Sennan joint venture (JV) licence, onshore Egypt.
RESULTS
Operator Kuwait Energy Egypt (78%) drilled the well to a total depth of 3,640 metres, 10 days ahead of schedule and under budget.
“Although the well encountered net reservoir in the Abu Roash, Bahariya, and Alam El Bueib targets, the logs did not indicate the presence of hydrocarbons,” said United in a statement.
“The results from the ASW-1X will be integrated into our subsurface understanding of the Abu Sennan licence, and the additional data used to help prioritise future drilling locations.”
2023 CAMPAIGN
The JV will plug and abandon the ASW-1X well and mobilise the Sino Tharwa-1 rig to drill the first well of the 2023 drilling campaign.
This will be the ASH-8 development well, targeting an undrilled area of the ASH field.
United plans to announce details of the 2023 programme along with the company’s trading statement in late January.
DEVELOPMENT WELLS
“Although the results of the ASW-1X well are disappointing, the JV partners are positive about the remaining prospectivity on the licence and will continue to deliver the maximum value from it,” added chief executive Brian Larkin.
“We are looking forward to the 2023 drilling campaign, which will initially focus on further development of the asset by the drilling of ASH-8 followed by the ASD-3 well.
“These development wells are targeting the most prolific areas of the Abu Sennan licence, to maximise production before the drilling of at least one further exploration well in Abu Sennan later in the year.