{"id":9504,"date":"2020-12-04T07:02:07","date_gmt":"2020-12-04T07:02:07","guid":{"rendered":"https:\/\/oilnewskenya.com\/?p=9504"},"modified":"2020-12-04T07:02:07","modified_gmt":"2020-12-04T07:02:07","slug":"united-oil-and-gas-sign-rig-contract-for-the-ash-3-well","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/united-oil-and-gas-sign-rig-contract-for-the-ash-3-well\/","title":{"rendered":"United Oil and Gas Sign Rig Contract for the ASH-3 well"},"content":{"rendered":"<p class=\"bw\"><span class=\"bx\">United Oil &amp; 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. <\/span><span class=\"bx\">\u00a0<\/span><\/p>\n<p class=\"bw\"><span class=\"bx\">The EDC-50 rig has a history of successful drilling in the Western Desert. It has been contracted for a drilling programme, starting with the ASH-3 development well, with low-cost rig-rates linked to oil-price. The campaign will be funded from operating cashflow. Subject to EGPC approvals, the rig is due to come on site before the end of the year, with drilling starting shortly after this.\u00a0 It is anticipated that the ASH-3 well will take up to 60 days to drill and test.\u00a0<\/span><span class=\"bx\">\u00a0<\/span><\/p>\n<p class=\"a\">The ASH-3 well will target the producing\u00a0Alam El Bueib\u00a0(AEB) reservoirs in an area of the ASH Field updip of the ASH-2 production well, which came onstream at the beginning of the year, and which to date has produced in excess of 1 million barrels.<span class=\"bx\">\u00a0<\/span><\/p>\n<p class=\"bw\"><span class=\"bx\">The ASH-3 development will be the first well due to be drilled by the EDC-50 rig in the 2021 campaign.\u00a0 \u00a0United expect the second well in the drilling schedule to be an exploration well,\u00a0<\/span>targeting the Abu Roash reservoirs in the 4-way dip-closed Prospect D structure in the north of the Abu Sennan licence, close to the producing Al Jahraa field.\u00a0 This is a low risk well, located close to existing infrastructure, capable of being brought into production quickly.\u00a0\u00a0\u00a0<span class=\"bx\">\u00a0<\/span><\/p>\n<p class=\"bw\"><span class=\"bx\">Average production rates on the Abu Sennan Licence for the second half of 2020 to 29 November are c. 2,370 boepd net to United&#8217;s working interest.\u00a0 This is a 20% increase to the average H1 production achieved after United&#8217;s entry to the licence at the end of February. Average H2 production is likely to exceed the previous guidance of 2,300 boepd net.<\/span><span class=\"bx\">\u00a0<\/span><\/p>\n<p class=\"bw\"><span class=\"bx\">In the near term, production is due to benefit from the completion of the ASH-2 gas pipeline, expected to be brought onstream at the start of 2021.\u00a0 When completed, the pipeline will substantially increase recovery rates and reduce the need to flare gas, improving the environmental performance of the licence. \u00a0\u00a0This pipeline has the potential to add up to 1,000 boepd of gross production.\u00a0<\/span><\/p>\n<p class=\"bw\"><span class=\"by\">United Chief Executive Officer,\u00a0Brian Larkin\u00a0commented:<\/span><span class=\"bx\">\u00a0<\/span><\/p>\n<p class=\"bw\"><span class=\"bz\">&#8220;Following an intense period of planning, we are delighted to be ready to re-commence drilling activities at the Abu Sennan licence, fully funded from our operating cashflow.\u00a0 We have worked closely with the operator, Kuwait Energy Egypt, over recent months to design a drilling campaign for 2021 and believe the scheduled wells can maintain the exceptional record of over 80% drilling success which has been achieved on the licence to date.<\/span><span class=\"bz\">\u00a0<\/span><\/p>\n<p class=\"bw\"><span class=\"ca\">&#8220;The Abu Sennan licence continues to perform strongly and deliver low cost production growth. With over 35 mapped prospects on the licence and<\/span>\u00a0following on from the outstanding success of the ASH-2 and ES-5 wells where drilling outcomes significantly exceeded pre-drill expectations\u00a0<span class=\"j\">\u00a0it offers excellent potential to deliver even greater returns for the licence partners.\u00a0 We look forward to updating shareholders on the progress of the ASH 3 development well in the coming weeks and months.&#8221;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>United Oil &amp; 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. &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/united-oil-and-gas-sign-rig-contract-for-the-ash-3-well\/\" 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":[8712,8713,7655,8714,8715,8716,709,8717,7610],"class_list":["post-9504","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-field","tag-ash-field","tag-ash-2","tag-ash-3","tag-edc-50-rig","tag-egypt","tag-united-oil-gas","tag-western-desert","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-2ti","jetpack-related-posts":[{"id":9641,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-kuwait-energy-spuds-ash-3-development-well\/","url_meta":{"origin":9504,"position":0},"title":"EGYPT: Kuwait Energy Spuds ASH-3 development well","author":"","date":"January 5, 2021","format":false,"excerpt":"United Oil & Gas has announced the spudding of the ASH-3 well in the Abu Sennan Licence, Egypt on 4 January in the Kuwait Energy Egypt operated license. ASH-3 is a vertical well targeting the producing Alam El Bueib\u00a0 reservoirs at a depth of 3,600 to 3,950m in an area\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":13348,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-gas-updates-on-the-drilling-of-the-ash-8-development-well-in-the-abu-sennan-licence\/","url_meta":{"origin":9504,"position":1},"title":"EGYPT: United Oil &#038; Gas Updates on the drilling of the ASH-8 development well in the Abu Sennan licence","author":"","date":"February 28, 2023","format":false,"excerpt":"Highlights -\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a022 metres of net oil pay interpreted in the primary reservoir target -\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Following completion and testing, ASH-8 is expected to be immediately brought onstream through the existing ASH facilities ASH-8 The ASH-8 development well, which spud on\u00a022 January 2023, reached total depth of 3,999 metres on 21 February, ahead\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\/02\/Egypt-ASH-8.jpg?fit=750%2C537&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/02\/Egypt-ASH-8.jpg?fit=750%2C537&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/02\/Egypt-ASH-8.jpg?fit=750%2C537&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/02\/Egypt-ASH-8.jpg?fit=750%2C537&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13072,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-kuwait-energys-asw-1x-in-the-abu-sennan-license-disappoints\/","url_meta":{"origin":9504,"position":2},"title":"EGYPT: Kuwait Energy&#8217;s ASW-1X in the Abu Sennan License Disappoints","author":"","date":"January 4, 2023","format":false,"excerpt":"Abu Sennan license JV partner United Oil & Gas Plc announces the completion of drilling operations on the ASW-1X exploration well in the Abu Sennan license, onshore Egypt.\u00a0United holds a 22% non-operating interest in the Abu Sennan license, which is operated by Kuwait Energy Egypt.\u00a0 The ASW-1X well was drilled\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":[]},{"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":9504,"position":3},"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":12758,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-and-gas-provides-ash-4-well-update\/","url_meta":{"origin":9504,"position":4},"title":"EGYPT: United Oil and Gas Provides ASH-4 well update","author":"","date":"November 1, 2022","format":false,"excerpt":"United Oil & Gas PLC has announced an update on the drilling of the ASH-4 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt.\u00a0 Highlights -\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Net pay of 20 metres interpreted in\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\/09\/Egypt-Abu-Sennan.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\/09\/Egypt-Abu-Sennan.png?fit=874%2C581&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/09\/Egypt-Abu-Sennan.png?fit=874%2C581&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/09\/Egypt-Abu-Sennan.png?fit=874%2C581&ssl=1&resize=700%2C400 2x"},"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":9504,"position":5},"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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9504","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=9504"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9504\/revisions"}],"predecessor-version":[{"id":9505,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9504\/revisions\/9505"}],"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=9504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}