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Commencement of ASH-4 drilling and AJ -14 update
Commencement of ASH-4 drilling and AJ -14 update.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n \n \n United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas\n \n \n 15 September 2022\n \n \n \n \n \n \n United Oil and Gas Plc\n \n \n \n (\"United\" \"the Group\" or the \"Company\")\n \n \n \n \n \n Commencement of drilling at ASH-4 and AJ -14 well update\n \n \n \n \n \n United Oil & Gas Plc (AIM: \"UOG\"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce the commencement of drilling at the ASH-4 development well location and an update on the Al Jahraa-14 (\"AJ-14\") development well in the Abu Sennan licence, onshore Egypt.\n United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt.\n \n \n \n \n \n Summary\n \n \n ·\n The fourth well in the 2022 Abu Sennan programme, ASH-4, has commenced drilling\n \n \n ·\n ASH-4 is a high impact development well, targeting over 2 mmbbls gross in the prolific Alam El Bueib (\"AEB\") reservoir\n \n \n ·\n On AJ-14, whilst oil has been recovered to surface on\n testing\n , consistent flow rates have yet to be established due to near bore-hole formation damage\n \n \n ·\n The testing programme is continuing in the Abu Roash-C (\"ARC\") interval at AJ-14, with well stimulation expected to\n deliver\n commercial production rates in line with pre-drill estimates of c. 300 bopd gross\n \n \n \n \n \n ASH-4 development well\n \n \n The ASH-4 development well, the fourth well in the 2022 drilling programme at Abu Sennan, has commenced drilling. The well will be drilled as a vertical hole targeting the prolific AEB reservoir. It is expected to take 55 days to drill and complete, and is fully funded from operational cashflow.\n The well is targeting 2.2 mmbbls gross recoverable oil in what has been to date a highly productive area of the licence.\n On completion of drilling, ASH-4 is expected to be rapidly brought into production.\n \n \n \n \n \n The completion of seismic reprocessing earlier in the year has significantly improved the quality of the subsurface imaging over the ASH field resulting in increased in-place volumes on the ASH field (from 17 to 22 mmboe gross according to operator estimates) and optimising the current well location. In addition, it has helped identify a further six additional ...