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Egypt: United Oil and Gas provides quarterly production update

12 Apr 2021

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United Oil & Gas, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, has reported 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 onstream on 5 March

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

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

Original article link

Source: United Oil & Gas

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