United Oil & Gas plc announced the spudding of the ASD-2 development oil well in the Abu Sennan licence as the start of its drill campaign onshore Egypt.
ASD-2 WELL
United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt.
The ASD-2 is the first well in a fully funded four-well drilling campaign and will target potential gross upside volumes of 5.5 mmbbls STOIIP (operator’s estimate) in the Abu Roash C reservoir.
The well, focused on the north-western culmination of the ASD structure, will also accelerate production from the field and test a secondary target in the Abu Roash E reservoir.
ASD-2 can be quickly tied into existing facilities, adding additional production and revenue for the company.