United Oil & Gas the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets,has presented a positive operational activity on the drilling of the ASH-8 development well (ASH-8) in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt.

The ASH-8 development well, which spud on 22 January 2023, reached total depth of 3,999 metres on 21 February, ahead of schedule and significantly under budget. The well has now been logged and is interpreted to have encountered 22 metres of net oil pay in the primary Alam El Bueib reservoir target, in line with pre-drill expectations.

The well will be completed and  tested in the coming days and can then be brought immediately onstream through the existing ASH facilities, adding additional production and revenue for United. United will provide a further update to the market once the well has been brought onstream and stabilised flow-rates have been established.

On completion, the ST-1 rig is planned to move to the ASD-3 location to drill the second development well in the 2023 drilling programme.

“We are pleased with the result from the ASH-8 well, which is in line with pre-drill expectations and provides a positive start to the 2023 drilling campaign. The well will now be tested before the rig is moved to the ASD-3 well location.  

“Successful development wells on the ASH field can be quickly brought on stream through existing facilities, generating immediate production and  revenue for the Company. We look forward to reporting on the initial stabilised flow-rates in due course, and to continuing our 2023 drilling programme with the ASD-3 development well,” United Chief Executive Officer, Brian Larkin said.