United Oil & Gas PLC gives Quarterly Production Report, Egypt

United Oil & Gas PLC, the growing oil and Gas Company with a portfolio of production, development, exploration and appraisal assets, offers a quarterly production update for the first quarter of 2021.

United’s Q1 2021 net working interest production averaged 2,520 boepd (2,053 bopd oil and 467 boepd gas), slightly above the previously provided guidance for H1-21 of between 2,300 and 2,500 boepd

This represents a 12% uplift compared to Q4 2020, largely driven by the additional production through the ASH gas pipeline (completed 27th December 2020) and more recently from the ASH-3 well, which has been producing at an average of over 4,000 boepd (880 boepd net) since coming on stream on 5 March

All of United’s production for the period was from the Kuwait Energy Egypt (“KEE”) operated Abu Sennan License, Egypt, in which United holds a 22% working interest.

This data will vary quarter on quarter as development, appraisal and exploration operations continue.

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