United Oil & Gas plc said it had to date found no hydrocarbons from drilling the ASV-1X exploration well in the Abu Sennan joint venture (JV) licence, onshore Egypt.
ASV-1X
Kuwait Energy Egypt operates the licence in which United holds a 22% working interest.
The ASV-1X well was drilled under budget to a total depth of 3,496 metres, and encountered primary and secondary reservoirs.
“The testing programme is still underway, but after over a week of testing with a sucker rod pump installed, no hydrocarbons have yet been recovered.” said United in a statement.
“The operator and partners will continue to review the test results and potential future options and costs before a final decision is made on the forward plan for the well.”
The company added that data gathered from the well had improved understanding of the subsurface in the Abu Sennan licence.
CAMPAIGN
The 2022 Abu Sennan drilling campaign recently included the spudding of the AJ-14 development well.
Two further wells are planned for 2022 year, including an ASH development well, and the ASF-1X exploration well.
The ASF-1X well is located in the south-west of the Abu Sennan licence, 30km from the ASV-1X well.
United said that the prospectivity of ASF-1X well was not affected by the results of the ASV-1X well.
OPTIMISATION
“While the failure to flow hydrocarbons from ASV-1X to date is not encouraging, the data gathered from the well test and drilling results will feed into optimising future drilling targets across the licence,” added chief executive Brian Larkin.
“We are now continuing with our active and fully funded Egypt drilling programme, with the AJ-14 development well which spud end-June and have two more wells to drill before we complete the 2022 drilling programme, including the ASF-1X exploration well targeting mean recoverable reserves of approx. 8 mmboe gross.”