The joint venture working at Abu Sennan has started production from a well only two months after the discovery, United Oil & Gas has said.
The ASD-1X well is flowing at 1,295 barrels per day gross, with 285 bpd net to United’s 22% stake.
United’s CEO Brian Larkin highlighted the speed with which progress was coming. This, he said, demonstrated “the excitement we share for the long-term potential of the licence, which continues to deliver for the company.”
The Egyptian Ministry of Petroleum approved the development licence for ASD-1X on May 26. This is the eighth development lease on Abu Sennan.
Larkin said the well should add proven reserves to the licence. Kuwait Energy operates Abu Sennan.
The well is 12 km from the Al Jahraa field. It reached total depth of 3,750 metres at the end of March. It found 22 metres of net pay and flowed at 1,619 bpd gross from the Lower Bahariya reservoir and 1,215 bpd from the Abu Roash C reservoir.
Workover
The company also noted a workover had been carried out on the ASH-1ST2 well. This added more than 1,000 bpd gross, or 220 bpd net. Based on these flow rates, the well should pay back its investment in less than a year.
“In tandem with exploration success in Abu Sennan, the encouraging result from the ASH-1ST2 workover will provide a further boost to production, and will also help increase our understanding of the ASH field,” Larkin said.
The EDC-50 rig is drilling the Al Jahraa-8 development well. It began working on the well on May 2. It is targeting similar reservoirs to those producing at ASD-1X.
United has assets in other countries but is largely focused on operations in Egypt. This year, the company has planned to spend $5.4 million, covering three wells and five workovers.