In a company statement, United Oil & Gas announced the completion of drilling operations at the ASW-1X exploration well.

The ASW-1X well is located in the Abu Sennan license, onshore Egypt, where the company holds a 22% non-operating interest, and is operated by Kuwait Energy Egypt (KEE).

The well has been drilled to a 3,640 meters total depth, 10 days early and under budget. Moreover, the well encountered a net reservoir in the Bahariya, Alam El Bueib, and Abu Roash targets, however, the logs did not show hydrocarbon presence.

The ASW-1X well results will be integrated into the company’s subsurface understanding of the Abu Sennan license, as well as the additional data that are planned to be used to prioritize future drilling locations.

“Although the results of the ASW-1X well are disappointing, the JV partners are positive about the remaining prospectivity on the license and will continue to deliver the maximum value from it,” United CEO, Brian Larkin, commented.

“We are looking forward to the 2023 drilling campaign, which will initially focus on further development of the asset by the drilling of ASH-8 followed by the ASD-3 well. These development wells are targeting the most prolific areas of the Abu Sennan license, to maximize production before the drilling of at least one further exploration well in Abu Sennan later in the year. We look forward to updating the market with further details of planned activity across our portfolio later in January,” Larkin added.