United Oil & Gas Plc announced that the ASV-1X exploration well has encountered primary and secondary reservoirs in the Abu Sennan licence, onshore Egypt.
The company said that the testing program started on 30 May, but there is no hydrocarbons have yet been recovered. It added that the testing is still ongoing and the operator and partners will continue to review the test results.
In this regard, Brian Larkin, CEO commented: “While the failure to flow hydrocarbons from ASV-1X to date is not encouraging, the data gathered from the well test and drilling results will feed into optimising future drilling targets across the licence.”
“We are now continuing with our active and fully funded Egypt drilling programme, with the AJ-14 development well which spud end-June and have two more wells to drill before we complete the 2022 drilling programme, including the ASF-1X exploration well targeting mean recoverable reserves of approx. 8 mmboe gross. We look forward to updating the market on the progress of our 2022 operations and extensive drilling programme as it progresses,” Larkin said.