{"id":10631,"date":"2021-07-26T08:01:00","date_gmt":"2021-07-26T08:01:00","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=10631"},"modified":"2021-07-26T08:01:00","modified_gmt":"2021-07-26T08:01:00","slug":"egypt-united-oil-gas-provides-h1-2021-operational-update","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-gas-provides-h1-2021-operational-update\/","title":{"rendered":"EGYPT: United Oil &#038; Gas Provides H1 2021 Operational Update"},"content":{"rendered":"<p class=\"cx\"><strong><span class=\"db\">Operational Highlights:<\/span><\/strong><\/p>\n<p class=\"dc\"><span class=\"cg\">\u00b7\u00a0\u00a0\u00a0\u00a0<\/span><span class=\"j\">Q2\/21 Group\u00a0working interest production averaged\u00a0<\/span>2,937 boepd, yielding a H1\/21 average of 2,730 boepd, \u00a0ahead of H1 guidance of 2,300 to 2,500 boepd and in line with full-year guidance of between 2,500 and 2,700 boepd<\/p>\n<p class=\"dd\"><span class=\"ce\">o\u00a0\u00a0<\/span>This represents an uplift of 17% compared to H2 2020, when production averaged 2,340 boepd, and has been driven by the drilling and workover success on the ASH Field, as well as the exploration success at ASD-1X<\/p>\n<p class=\"dc\"><span class=\"j\"><span class=\"cg\">\u00b7\u00a0\u00a0\u00a0\u00a0<\/span>Highly successful H1 drilling campaign, with the Abu Sennan Licence continually performing above the company&#8217;s expectations<\/span><\/p>\n<p class=\"dd\"><span class=\"j\"><span class=\"ce\">o\u00a0\u00a0<\/span>ASH 3 &#8211; Significant success at the ASH-3 Development Well which came onstream at a gross rate of over 4,000 boepd on 5th March (880 boepd net to United)<\/span><\/p>\n<p class=\"dd\"><span class=\"j\"><span class=\"ce\">o\u00a0\u00a0<\/span>ASD1-X &#8211; Commercial discovery announced on 4th May, with gross rates of over 1,200 bopd achieved on test. Development lease approval and commencement of production occurred on 26<sup>th<\/sup>\u00a0May, with the well averaging over 600 bopd (132 bopd net to United) to the end of June<\/span><\/p>\n<p class=\"dd\"><span class=\"ce\">o\u00a0\u00a0<\/span><span class=\"j\">Al Jahraa 8 Development Well (post period end)\u00a0<\/span>encountered over 40m of net oil pay across three different reservoir units. Preliminary results indicate over 30m of net pay in the Upper and Lower Bahariya reservoirs, significantly above pre-drill expectations.<\/p>\n<p class=\"dd\"><span class=\"j\"><span class=\"ce\">o\u00a0\u00a0<\/span>ASH-1ST2 workover completed during May increased production from the well from 200 bopd to over 1,200 bopd (256 bopd net to United)<\/span><\/p>\n<p class=\"dc\"><span class=\"w\"><span class=\"cg\">\u00b7\u00a0\u00a0\u00a0\u00a0<\/span>As previously noted, an additional fully funded exploration well (ASX-1X) has now been added to the drilling schedule, following the significant success of the 2021 drilling campaign<\/span><\/p>\n<p class=\"cx\"><span class=\"cy\">United Chief Executive Officer,\u00a0Brian Larkin\u00a0commented:<\/span><span class=\"ck\">\u00a0<\/span><\/p>\n<p class=\"cx\"><span class=\"da\">&#8220;Through execution of our planned work programme, the first half of 2021 has produced exceptional operational and financial success. In addition, we have created significant new opportunities as well as reinforced the balance sheet strength of the Company.<\/span><span class=\"da\">\u00a0<\/span><\/p>\n<p class=\"cx\"><span class=\"da\">&#8220;In particular, our Egyptian assets continue to perform beyond expectations, with production averaging 2,730 boepd; consistent with full year guidance range of between 2,500 to 2,700 boepd. Further, through our H1 drilling programme, we have not only been able to increase production, but also identify new growth opportunities within the licence. Based on this success, we are delighted to be drilling a further exploration well on the licence shortly and are actively working with\u00a0Joint Venture Partners\u00a0to agree the optimum long-term strategy for the development of the licence&#8217;s potential.<\/span><span class=\"da\">\u00a0<\/span><\/p>\n<p class=\"cx\"><span class=\"da\">&#8220;The outlook for the business remains encouraging and we remain well positioned for further success&#8221;.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Operational Highlights: \u00b7\u00a0\u00a0\u00a0\u00a0Q2\/21 Group\u00a0working interest production averaged\u00a02,937 boepd, yielding a H1\/21 average of 2,730 boepd, \u00a0ahead of H1 guidance of 2,300 to 2,500 boepd and in line with full-year guidance &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-gas-provides-h1-2021-operational-update\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[8712,9468,9469,9470,8715,709,8717],"class_list":["post-10631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-abu-sennan-licence","tag-al-jahraa-8","tag-asd1-x","tag-ash-1","tag-ash-3","tag-egypt","tag-united-oil-gas","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2Lt","jetpack-related-posts":[{"id":10839,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-and-gas-provides-operations-update\/","url_meta":{"origin":10631,"position":0},"title":"EGYPT: United Oil and Gas Provides Operations Update","author":"","date":"September 7, 2021","format":false,"excerpt":"Production Update H1 2021 production from the seven producing fields which make up the Abu Sennan licence \u00a0net to the Company's working interest averaged 2,730 boepd \u00a0in line with full-year guidance of 2,500 to 2,700\u00a0 boepd. \u00a0 The ASH field, which currently has three wells in production has performed exceptionally,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9681,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-and-gas-provides-quarterly-production-report\/","url_meta":{"origin":10631,"position":1},"title":"EGYPT: United Oil and Gas Provides Quarterly Production Report","author":"","date":"January 13, 2021","format":false,"excerpt":"United Oil & Gas offers a quarterly production update for the period to the end of 2020. \u00b7\u00a0\u00a0\u00a0\u00a0United's H2 2020 net working interest production averaged 2,340 boepd in line with guidance for the period of 2,300 boepd \u00b7\u00a0\u00a0\u00a0\u00a0Q4 2020 net working interest production averaged 2,243 boepd (1,960 bopd oil and\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9967,"url":"https:\/\/www.oilnewskenya.com\/index.php\/united-oil-and-gas-provides-ash-3-well-test-update\/","url_meta":{"origin":10631,"position":2},"title":"EGYPT: United Oil and Gas Provides ASH-3 Well Test Update","author":"","date":"February 23, 2021","format":false,"excerpt":"United Oil & Gas has provided the following update on the testing of the ASH-3 development well in the Abu Sennan concession, onshore Egypt. United holds a 22% non-operating interest in Abu Sennan, which is operated by Kuwait Energy Egypt.\u00a0 Highlights \u00b7\u00a0\u00a0\u00a0\u00a0Preliminary results from the ASH-3 well-test indicate a maximum\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9504,"url":"https:\/\/www.oilnewskenya.com\/index.php\/united-oil-and-gas-sign-rig-contract-for-the-ash-3-well\/","url_meta":{"origin":10631,"position":3},"title":"United Oil and Gas Sign Rig Contract for the ASH-3 well","author":"","date":"December 4, 2020","format":false,"excerpt":"United Oil & Gas PLC offers an update on the Abu Sennan Licence in Egypt (United 22% working interest), including the signing of the rig contract for the ASH-3 well. \u00a0 The EDC-50 rig has a history of successful drilling in the Western Desert. It has been contracted for a\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9791,"url":"https:\/\/www.oilnewskenya.com\/index.php\/united-oil-and-gas-provides-2020-trading-update-and-guidance-for-fy-2021\/","url_meta":{"origin":10631,"position":4},"title":"United Oil and Gas Provides 2020 Trading Update and Guidance for FY 2021","author":"","date":"February 1, 2021","format":false,"excerpt":"United Oil & Gas issues the following trading update for the full year 2020 and guidance for 2021. This is in advance of the Group's Full Year Results which are expected to be released in the second half of April 2021. The information contained herein has not been audited and\u2026","rel":"","context":"In &quot;North Africa&quot;","block_context":{"text":"North Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/north-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13201,"url":"https:\/\/www.oilnewskenya.com\/index.php\/united-oil-and-gas-provides-trading-operations-update-guidance-for-2023\/","url_meta":{"origin":10631,"position":5},"title":"United Oil and Gas Provides Trading &#038; Operations Update &#038; Guidance for 2023","author":"","date":"January 26, 2023","format":false,"excerpt":"Egypt, Abu Sennan licence (22% working interest) Full year 2022 production averaged 1,312 boepd net (1,137 bopd oil and 175 boepd gas), in line with revised production guidance of 1,300-1,325 boepd. 2022 Egypt work programme The 2022 work programme consisted of three development wells, two exploration wells and eight workovers.\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Egypt-Abu-sennan-3-e1670314306748.png?fit=379%2C320&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=10631"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10631\/revisions"}],"predecessor-version":[{"id":10633,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10631\/revisions\/10633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/8247"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=10631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=10631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=10631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}