United Oil & Gas Company (UOG) announced that it has made a new discovery in Abu Sennan Concession, onshore Egypt, after doing drilling operation for ASD-1X exploration well, a press release issued by the company declared.
The statement elaborated that the “preliminary results suggest that ASD-1X exploration well has a total of at least 22m net oil pay interpreted across a number of reservoirs, including the Abu Roash C (“AR-C”), Abu Roash E (“AR-E”), Lower Bahariya and Kharita Formations.”
UOG added that it is now planning for testing the well during the coming weeks and if successful, it will negotiate with the Egyptian Petroleum Corporation (EGPC) to conduct a develop lease for this new discovery. ASD-1X exploration well is located at a distance of 12 km away from the north-east of the producing Al Jahraa Field.
UOG holds a 22% working interest in the concession, which is operated by Kuwait Energy Egypt.
Brian Larkin, UOG’s CEO expressed his pleasure for these results which came in line with the pre-drill estimates. “A number of additional targets and leads have been identified within the Abu Sennan concession and the results of ASD-1X and other recent wells will better inform our understanding of the acreage. We will continue to work with our JV partners to prioritise these opportunities which can ultimately be brought into production in short time frames”, Larkin added.