{"id":8246,"date":"2020-06-05T17:15:47","date_gmt":"2020-06-05T17:15:47","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=8246"},"modified":"2020-06-05T17:16:46","modified_gmt":"2020-06-05T17:16:46","slug":"el-salmiya-5-well-exceeds-pre-drilling-results","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/el-salmiya-5-well-exceeds-pre-drilling-results\/","title":{"rendered":"Egypt: El Salmiya-5 Well Exceeds Pre-drilling Results"},"content":{"rendered":"<p class=\"ce\"><span class=\"bl\"><span class=\"bv\">AIM listed oil and gas exploration, development and production company <\/span>United Oil &amp; Gas given an <span class=\"bv\">has an update on the El Salmiyah-5 development well\u00a0 on the Abu Sennan concession, Egypt in which UOG holds a 22% working interest.\u00a0 <span class=\"l\">Early analysis of logging and testing suggests that the Well significantly exceeds pre &#8211; drill estimates, further building on the success of the last 12 months which has seen UOG&#8217;s share of production increase significantly.<\/span><\/span><\/span><\/p>\n<p class=\"ce\">El Salmiyah-5 was spudded on 3 February 2020, and reached total depth of 4,400m MD (3,911m TVDSS) on 17 April 2020. The Well was targeting previously undrained reservoirs of the El Salmiyah Field, with the primary focus being the Kharita Formation, and secondary objectives in the Abu Roash C and Abu Roash E. After logging, testing, and completion, the rig was released on 21 May 2020.\u00a0\u00a0<span class=\"cf\">\u00a0<\/span><\/p>\n<p class=\"ce\"><span class=\"cf\">Net pay was encountered in all of the targeted intervals, totalling in excess of 120m for the Well and exceeding pre-drill expectations significantly. The main Kharita target interval was encountered some 16m shallow to prognosis, indicating a larger than expected undrained area updip of the existing wells in the field. This was further supported by the encouraging well-test results, which achieved flow rates of 4,100 bopd, with a further 18 mmscf\/d gas (c. 8,700 boepd in total).\u00a0<\/span><span class=\"cf\">\u00a0<\/span><\/p>\n<p class=\"ch\"><span class=\"bv\">W<\/span><span class=\"bv\">ith further testing planned, it would be premature to draw any further conclusions on the oil volumes associated with the Well. United&#8217;s expectations are that although the Well may initially be brought onstream close to the headline test rate, in the longer-term, it is likely to be choked back to lower levels for sustainable production through the existing facilities.<\/span>\u00a0Production from El Salmiyah-5 is expected to generate solid operating margins even at low oil price levels due to Abu Sennan&#8217;s low operating costs of around\u00a0$6.5\/bbl. \u00a0<span class=\"bv\">\u00a0<\/span><\/p>\n<p class=\"ci\"><span class=\"bv\">Brian Larkin CEO, United Oil &amp; Gas Plc:<\/span><\/p>\n<p class=\"cj\"><span class=\"bv\">&#8220;As a development well into a known field, the El Salmiyah-5 well was always expected to encounter hydrocarbons. However, with a headline figure of c. 8,700 boepd achieved on test from the primary target in the Kharita, it is fair to say the results have significantly exceeded our pre-drill expectations.<\/span><\/p>\n<p class=\"cj\"><span class=\"bv\">\u00a0<\/span><\/p>\n<p class=\"cj\"><span class=\"bv\">When coupled with the outstanding result from the ASH-2 well, which was announced in January, and which is still producing at over 3,000 bopd, from a production point of view, the timing of our entry into the Abu Sennan licence could not have been better. The Well result is a further realisation of the value we identified in the licence, and is likely to lead to our net production levels from the licence rising to over 2,500 boepd in the coming weeks &#8211; \u00a0a significant increase from\u00a0January 2019, the effective date of the purchase of the asset. Importantly, with operating costs of around\u00a0$6.5\/bbl, this production is highly profitable at today&#8217;s oil prices.<\/span><\/p>\n<p class=\"cj\"><span class=\"bv\">\u00a0<\/span><\/p>\n<p class=\"cj\"><span class=\"bv\">We firmly believe there is significant additional potential across the Abu Sennan licence &#8211; and with further development going ahead to bring gas from the ASH field into production this year, and with a deferred drilling programme ready to be re-instated should market conditions improve, we are looking forward to further activity and newsflow from the asset.&#8221;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AIM listed oil and gas exploration, development and production company United Oil &amp; Gas given an has an update on the El Salmiyah-5 development well\u00a0 on the Abu Sennan concession, &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/el-salmiya-5-well-exceeds-pre-drilling-results\/\" 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":[7446,11],"tags":[7452,7453,7450,709,7448,7449,7451],"class_list":["post-8246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-north-africa","category-top-news","tag-abu-roash-c","tag-abu-roash-e","tag-abu-sennan","tag-egypt","tag-el-samliyah-5","tag-kharita","tag-united-oil-gas-given","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-290","jetpack-related-posts":[{"id":13539,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-gas-provides-operations-update-in-the-abu-sennan-licence\/","url_meta":{"origin":8246,"position":0},"title":"EGYPT: United Oil &#038; Gas Provides Operations Update in the Abu Sennan licence","author":"","date":"April 4, 2023","format":false,"excerpt":"ASD-3 Well Spud The ASD-3 development well has now commenced drilling. This well will be drilled approx. 1.2km to the north-west of the ASD-2 well which was drilled in\u00a0March 2022, and which has recovered circa 400,000 bbls since it came on production just over a year ago. The ASD-3 well\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\/2023\/04\/Egypt-Abu-sennan-3.png?fit=379%2C320&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12098,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-kuwait-energy-commences-production-from-the-asd-2-well\/","url_meta":{"origin":8246,"position":1},"title":"EGYPT: Kuwait Energy Commences Production from the ASD-2 well","author":"","date":"March 28, 2022","format":false,"excerpt":"United Oil & Gas PLC has announced an update on the ASD-2 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt.\u00a0 Highlights \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The ASD-2 well has commenced production at an initial rate of c.\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\/03\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12039,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-asd-2-records-eighth-consecutive-successful-well-at-abu-sennan-license\/","url_meta":{"origin":8246,"position":2},"title":"EGYPT: ASD-2 Records Eighth consecutive successful well at Abu Sennan License","author":"","date":"March 15, 2022","format":false,"excerpt":"The ASD-2 development well, which was drilled to test the north-western culmination of the commercial discovery in the ASD field last year, safely reached total depth \u00a0of 3,631 metres. The well has now been logged and is interpreted to have encountered at least 25.5 metres of net oil pay across\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\/03\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10167,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-and-gas-makes-discovery-at-asd-1x-well-abu-sennan-concession\/","url_meta":{"origin":8246,"position":3},"title":"EGYPT: United Oil and Gas Makes Discovery at ASD-1X Well Abu Sennan Concession","author":"","date":"April 6, 2021","format":false,"excerpt":"Highlights: \u00b7\u00a0\u00a0\u00a0\u00a0Preliminary results suggest the ASD-1X exploration well encountered a total of at least 22m net oil pay interpreted across a number of reservoirs, including the Abu Roash C (AR-C), Abu Roash E (\"AR-E\"), Lower Bahariya and Kharita Formations \u00b7\u00a0\u00a0\u00a0\u00a0Well-testing is now planned, and if successful, will be followed by\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":11714,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-kuwait-energy-commences-2022-drilling-programme\/","url_meta":{"origin":8246,"position":4},"title":"EGYPT: Kuwait Energy Commences 2022 Drilling Programme","author":"","date":"January 27, 2022","format":false,"excerpt":"United Oil & Gas has announced the spudding of the ASD-2\u00a0development well\u00a0in the Abu Sennan licence, onshore Egypt.\u00a0\u00a0 Highlights \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02022 Abu Sennan drilling campaign has commenced with the spud of the ASD-2 development well \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\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\/01\/Egypt-Abu-Sennan-1.png?fit=874%2C581&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Egypt-Abu-Sennan-1.png?fit=874%2C581&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Egypt-Abu-Sennan-1.png?fit=874%2C581&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Egypt-Abu-Sennan-1.png?fit=874%2C581&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10284,"url":"https:\/\/www.oilnewskenya.com\/index.php\/united-oil-and-gas-asd-1x-well-test-update-submission-of-notice-of-commercial-discovery\/","url_meta":{"origin":8246,"position":5},"title":"United Oil and Gas ASD-1X Well Test Update &#038; Submission of Notice of Commercial Discovery","author":"","date":"May 5, 2021","format":false,"excerpt":"United Oil & Gas has provide the following update on the testing of the ASD-1X exploration well in the Abu Sennan concession, onshore Egypt and the spudding of the AJ-8 development well. United holds a 22% non-operating interest in Abu Sennan, which is operated by Kuwait Energy Egypt (\"KEE\").\u00a0 Highlights\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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8246","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=8246"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8246\/revisions"}],"predecessor-version":[{"id":8249,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8246\/revisions\/8249"}],"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=8246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=8246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=8246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}