United Oil and Gas plc has started production six weeks before the anticipated date from the ASH-8 development well in the Abu Sennan joint venture (JV) licence, onshore Egypt.
ASH-8
The well is the JV’s first in its 2023 campaign and the fifth well in the ASH field, with production through existing ASH facilities.
ASH-8 was previously interpreted to have encountered 22 metres of net oil pay in the primary Alam El Bueib (AEB) reservoir target.
PRODUCTION
The company said that on 16 March, the well had an initialised stabilised rate of c. 2,980 bopd and 2.64 mmscf/d gross (c. 656 bopd and 0.58 mmscf/d net).
Production is also at a higher rate than originally forecast, with group H1 2023 production now “expected to be at the upper end of the guided range of 700 – 900 bopd net”.
United added that there were positive indicators of ASH-8’s longer term potential based on the current stable rates, lack of water-cut and the pressures observed in the well.
SECOND DEVELOPMENT WELL
The ST-1 rig is now moving towards the ASD-3 location to drill the second development well in the 2023 drilling programme, which is expected to spud in the coming weeks.
United holds a 22% working interest in the licence operated by Kuwait Energy Egypt.
LONG TERM VALUE
Chief executive Brian Larkin said that the company was very happy with the results from the ASH-8 well.
“This is the fifth well in the highly productive ASH field, which has so far produced in excess of 4 million barrels of oil.
“The successful result at ASH-8 will have a positive impact on group production levels and revenue and further highlights the long-term value of the field.
“We look forward to drilling the next development well at ASD-3 on a location that was high-graded by the JV partners following the success of the ASD-2 well in March 2022.”