United Oil & Gas has announced an update on the ASH-8 development well (ASH-8) in the Abu Sennan licence, onshore\u00a0Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt.<\/p>\n\n\n\n
Summary<\/p>\n\n\n\n
– ASH-8 well commenced production on 16 March at an initial stabilised rate of c. 2,980 bopd and 2.64 mmscf\/d gross (c. 656 bopd and 0.58 mmscf\/d net)<\/p>\n\n\n\n
– Production has come onstream six weeks ahead of the anticipated schedule, at a higher rate than originally forecast resulting in group H1 production now expected to be at the upper end of the guided range of 700 – 900 bopd net<\/p>\n\n\n\n
ASH-8<\/p>\n\n\n\n
As previously announced, the ASH-8 development well was interpreted to have encountered\u00a022 metres of net oil pay in the primary\u00a0Alam El Bueib\u00a0(AEB) reservoir target, in line with pre-drill expectations. After reaching TD on the 21 February, the well was completed and tested on a number of different choke sizes, as summarised in the table below.<\/p>\n\n\n\n The well has now been tied into the existing facilities and brought on stream at an initial rate of c. 2,980 bopd and 2.64 mmscf\/d gross (656 bopd and 0.58 mmscf\/d net) on a 32\/64″ choke. The production from the well will continue to be monitored, so that the long-term production potential can be assessed. However, the currently stable rates coupled with the lack of water-cut and the pressures observed in the well provide positive indicators for its longer-term potential. With the well coming onstream nearly six weeks ahead of schedule, and with rates above pre-drill expectations, the Company’s H1 actual production is expected to be at the upper end of the production guidance of 700-900 bopd net.<\/p>\n\n\n\n The ST-1 rig is now moving towards the ASD-3 location to drill the second development well in the 2023 drilling programme, which is expected to spud in the coming weeks.<\/p>\n\n\n\n Brian Larkin, CEO, commented:<\/p>\n\n\n\nChoke Size<\/td> Duration of test<\/td> Average gross flow rate<\/td><\/tr> Oil (bopd)<\/td> Gas (mmscf\/d)<\/td> Combined (boepd)<\/td><\/tr> 24\/64″<\/td> 16.5 hours<\/td> 1,737<\/td> 2.2<\/td> 2,177<\/td><\/tr> 32\/64″<\/td> 6.5 hours<\/td> 3,114<\/td> 3.3<\/td> 3,774<\/td><\/tr> 64\/64″<\/td> 6.5 hours<\/td> 6,023<\/td> 8.2<\/td> 7,663<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n