United Oil and Gas announces spudding of the ASD-1X exploration well
AIM-listed United Oil & Gas has announced the spudding of the ASD-1X exploration well in the Abu Sennan Licence, Egypt on 6 March. United holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt.
- Drilling of the ASD-1X exploration well, which will test a number of stacked reservoir targets, has commenced
- The well will take up to 60 days to drill and is funded entirely from operational cash flow
ASD-1X is a vertical exploration well, located 12km to the north-east of the producing Al Jahraa Field and primarily targeting the sandstone reservoirs of the Abu Roash ‘C’ and ‘E’, with the Abu Roash ‘G’ reservoir providing a secondary target. The targeted reservoirs are expected to be encountered between 3,000m and 3,500m measured depth.
The well will be drilled by the EDC-50 rig, which recently completed the successful ASH-3 development well ahead of schedule and under-budget. It is anticipated that the ASD-1X well will take up to 60 days to drill and complete; if successful the well can rapidly be placed on production through existing infrastructure.
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