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Egypt: United Oil and Gas provides ASH-3 well test update


23 Feb 2021

Photo - see caption

AIM-listed United Oil & Gas has provided the following update on the testing of the ASH-3 development well in the Abu Sennan concession, onshore Egypt. United holds a 22% non-operating interest in Abu Sennan, which is operated by Kuwait Energy Egypt.

Highlights

  • Preliminary results from the ASH-3 well-test indicate a maximum flow rate of 6,379 bopd and 6.7 mmscf/d (c. 7,720 boepd gross; 1,700 boepd net) from the Alam El Bueib ('AEB') reservoir during well-testing on a 64/64" choke
  • On a reduced, 30/64" choke, expected to be more representative of the producing flow rates, the well flowed at 3,561 bopd and 2.9 mmscf/d (c. 4,140 boepd gross; 910 boepd net)
  • The well is expected to be brought onstream in the coming days

ASH-3 Well

The ASH-3 development well, a step-out development well in the ASH field, spudded on the 4th January, and reached a total depth (TD) of 4,087m MD (3,918m TVDSS) on 8th February, ahead of schedule and under budget. Logging indicates a  gross hydrocarbon column of 59m in the primary AEB reservoir target, 27.5m of which is estimated to be net pay.

ASH-3 was successfully tested from the targeted AEB Formation, and preliminary results indicate maximum flow rates of 6,379 bopd and 6.7 mmscf/d (c. 7,720 boepd gross; 1,700 boepd net working interest) on a 64/64" choke. Rates of 3,561 bopd and 2.9 mmscf/d (c. 4,140 boepd gross; 910 boepd net working interest) were achieved on a reduced 30/64" choke, and in line with prudent reservoir management, these rates are expected to be more representative of the sustainable flow levels that will be achieved when the well is brought onstream through the existing ASH facilities.

The ED-50 rig will now move to the north of the Licence, close to the producing Al Jahraa field to commence the drilling of the ASD-1X exploration well. This well is targeting the Abu Roash reservoirs in the Prospect D structure and, if successful, can quickly be brought into production.

Photo - see caption
Location of ASH-3 development well (Source: United Oil & Gas Presentation June 2020)

United Chief Executive Officer, Brian Larkin commented:

'The ASH field continues to out-perform our estimates and following on from the success of the 2020 drilling programme, this is another excellent drilling result that demonstrates its significant growth potential. This result is a very positive development for the Abu Sennan partnership as a whole, and, when brought on production over the coming days, ASH-3 will provide a significant boost to the concession-wide production rates that averaged 10,500 boepd gross (2,310 boepd net) during January 2021.

'We look forward to the spudding of the forthcoming exploration well and the remainder of our 2021 work program.'

Original article link

Source: United Oil & Gas





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