United Oil & Gas plc plans an additional exploration well this year at Abu Sennan, onshore Egypt as drilling at the Al Jahraa-8 (AJ-8) development well exceeded pre-drill expectations.
AJ-8
Drilling the AJ-8 well began in May and targeted the Abu Roash and Bahariya reservoirs in an undrained portion of the Al Jahraa field.
United said that initial interpretations indicated over 40m MD of net oil pay encountered cumulatively across three different reservoir units in a sidetrack (AJ-8ST1).
Preliminary results indicate over 30m of net pay in the Upper and Lower Bahariya reservoirs, significantly above pre-drill expectations.
The Abu Roash E (AR-E) reservoir also appears to have encountered net pay, in line with pre-drill expectations.
The well has now been secured with liner in place, and will be completed and tested across the three pay intervals.
Discovery of commercial net pay in AJ-8ST1 makes it the fifth consecutive successful well at Abu Sennan since United acquired its interest in the licence.
ASX-1X
United has added a further fully funded exploration well ASX-1X to the 2021 drilling schedule.
ASX-1X will be drilled 11km to the west of the ASD-1X well, which discovered 22m of net oil pay, before starting production some two months later.
The new well will target multiple Abu Roash and Bahariya reservoirs and will also be drilled using the EDC-50 rig following completion of operations at the AJ-8 well.
JOINT VENTURE
The company holds a 22% interest in the Abu Sennan licence which is operated by Kuwait Energy Egypt.
The JV partners are discussing longer term plans for unlocking additional potential in the Abu Sennan licence.