United Oil & Gas to Start Drilling Wells in Egypt in 2021

United Oil & Gas PLC has announced the initial drilling of the ASH-3 development well at the Abu Sennan licence, in Egypt.

The company owns a 22% interest in the Kuwait Energy operated well which will target Alam El Bueib reservoirs, at a depth of 3,600 to 3,950 metres, in a location up-dip of the ASH-2 production well.

ASH-2 was brought online a year ago and yielded over 1 million barrels, also it is currently flowing around 4,500 barrels of oil per day.

The ASH-3 well is expected to take 60 days to drill and test. It is the first well in the new 2021 well campaign and it will be followed by the ASD-1X exploration well.

Brian Larkin, United chief executive in a statement said that "We are delighted that the ASH-3 well has been spudded, and look forward to updating the market in due course, once the well has reached the target reservoirs."

Larkin continued that "There is great potential in the ASH Field, and if the outstanding success that was achieved in the ASH-2 well can be repeated here, it will be a fantastic result for the joint investment partners."

He added: “It is equally pleasing for the joint venture to be back drilling in Egypt again, after the postponement of the majority of the 2020 drilling programme due to the low oil price environment, and we look forward to the drilling of further wells as part of our 2021 campaign."