United Oil & Gas announced the discovery of at least 22 million net oil pay interpreted across several reservoirs, including the Abu Roash C (‘AR-C’), Abu Roash E (‘AR-E’), Lower Bahariya and Kharita Formations.
The ASD-1X exploration well, located 12 kilometres to the northeast of the producing Al Jahraa Field, safely reached a Total Depth (TD) of 3,750m MD on the 30th of March 2021, several days ahead of schedule and under budget.
The well-testing is now planned, and if successful, will be followed by an application to Egyptian General Petroleum Corporation (‘EGPC’) for a development lease over the discovery.
The well was drilled by the EDC-50 rig, which, after completion, will move to the Al Jahraa Field within the Abu Sennan concession to commence the drilling of the AJ-8 development well. This well will target the Abu Roash and Bahariya reservoirs in an undrained portion of the Al Jahraa field.
The Chief Executive Officer of United Oil & Gas, Brian Larkin, said: “Today’s announcement is another positive result from Abu Senna, which, initial interpretations suggest, is in line with our pre-drill estimates. With the well testing set to begin shorty, we look forward to understanding the full potential of the ASD-1X well.”
“A number of additional targets and leads have been identified within the Abu Sennan concession and the results of the ASD-1Xand other recent wells will better inform our understanding of the acreage. We will continue to work with our JV partners to prioritise these opportunities which can ultimately be brought into production in short time frames.”
“With the EDC-50 rig moving to drill the AJ-8 development well after the completion of ASD-1X, we look forward to providing further updates on the continuing 2021 Abu Sennan drilling campaign.”
ABOUT UNITED OIL & GAS
Established in 2015, United Oil & Gas (UOG) is an Oil and gas exploration, development and production company with existing assets in Egypt, UK, Italy and Jamaica.