UOG Increases Production by 20% in H2 2020

UOG Increases Production by 20% in H2 2020
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 (UOG) increased the average production rate in the Abu Sennan concession for H2 2020 to reach 2,370 barrels of oil equivalent per day (bbloe/d), an increase of 20% in comparison with  H1 2020 , according to a press release.

UOG also signed EDC-50 rig contract to commence a drilling program on the Abu Sennan concession. The company will start with ASH-3 well targeting Alam El Bueib (AEB) reservoirs in an area of the ASH Field updip of the ASH-2 production well. It is anticipated that the ASH-3 well will take up to 60 days to drill and test.

It is worth noting that the company also plans to benefit from the ASH-2 gas pipeline when brought onstream in 2021. The pipeline has the potential to add up to 1,000 (boe/d) of gross production.

UOG CEO, Brian Larkin, stated that “the Abu Sennan license continues to perform strongly and deliver low-cost production growth. With over 35 mapped prospects on the license and following on from the outstanding success of the ASH-2 and ES-5 wells where drilling outcomes significantly exceeded pre-drill expectations, it offers excellent potential to deliver even greater returns for the license partners.”

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