United Oil & Gas PLC (UOG) has announced that the ASH-3 well in Abu Sennan will be tested and completed in the coming days before bringing the well onstream through ASH field facilities.
As per the statement, the ASH-3 well encountered 27.5 meters of net pay in the Alem El Buieb (AEB) reservoir. It was spudded on January 4 and reached a target depth of 4,087 meters on February 8, which was around five days ahead of schedule and was delivered under budget.
UOG CEO, Brian Larkin stated that “we are very encouraged with the initial results of the ASH 3 well and we are delighted that it has been delivered safely, ahead of schedule and under budget by our licence partners. We anticipate the well will deliver a further uplift to our low cost production base, an encouraging result ahead of the spudding of our forthcoming exploration well and the remainder of our 2021 work, all of which is fully funded from operating cash flow.”
Larkin added that “to date the ASH Field has produced close to 2 million barrels of oil, with current production rates at over 5,000 boepd, and we believe significant further potential exists within the licence.”
It should be mentioned that the company will then move ED-50 rig to drill the ASD-1X exploration well targeting the Abu Roash reservoirs in the 4-way dip-closed Prospect D structure bringing it quickly into production.