United Oil & Gas Announces New Progress in ASD-2 Well

United Oil & Gas Announces New Progress in ASD-2 Well
Oil industry well pumps, nodding donkey rig pumps crude oil up from the ground on an oil field in the desert. Bahrain, Middle East

United Oil & Gas PLC (United) announced the drilling updates for the development well ASD-2 located in Abu Sennan license, in which United owns a 22% working interest.

The ASD-2 well encountered a total 25.5 meters of net oil pay for the Abu Roash and Bahariya reservoirs. Accordingly, the well is the eighth in a row to succeed at Abu Sennan license since United acquired its shares.

According to a company statement, the ASD-2 development well is the first in the company’s Abu Sennan drilling campaign for 2022. After the completion of ASD-2, the company is planning to release the ECDC-6 rig and the drilling campaign will continue using the Sino Tharwa-1 rig.

“We are really pleased with the result from the ASD-2 well, which provides a very positive start to the 2022 drilling campaign. Our production is highly leveraged to the current higher oil prices and oil/gas discoveries can be quickly brought on stream through existing facilities, generating immediate revenue for the Company. There remains significant potential within the Abu Sennan licence, and we are looking forward to drilling the upcoming ASV-1X exploration well. This well is targeting a United estimate of over 2.5 million barrels gross mean recoverable resources.  The rig has been mobilised and we look forward to the well spudding in the coming weeks,” Brian Larkin, United’s Chief Executive Officer, commented.

Sarah Samir 2790 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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