Exiting Egypt, United’s Larkin eyes a return to deal making
“The first target has an NPV of $4bn, for a $30mn well. We know it’s frontier exploration and the chance of success is maybe 20%, but it stands up.”
Jamaica
United faces up to loss of Egypt licence in face of default
"We are very disappointed that we could not reach agreement with United Energy Egypt to sell the Abu Sennan concession,” said United CEO Brian Larkin.
United ends 2021 drilling campaign on a high
United Oil and Gas has made another commercial discovery on its Abu Sennan licence, in Egypt.
United sees “so much opportunity” with drilling on the rise
It is the “greatest time to be in the industry”, United Oil & Gas CEO Brian Larkin told Energy Voice, following the announcement of the company’s interim results.
United to double spending in 2021, driven by Egypt
United Oil & Gas expects production to rise slightly in 2021, while capital expenditure will double primarily as a result of drilling two wells in Egypt.
Abu Sennan gas line starts up, as infill drilling slows
A pipeline has been completed at the Al Jahraa field, in Egypt, allowing gas sales to begin and eliminating flaring, United Oil & Gas has reported.
United farms into Tullow’s Jamaican licence
United Oil and Gas has completed the purchase of 20% of the Walton-Morant Licence, offshore Jamaica from Tullow Oil.
ABB to help Jamaican renewable transition with microgrid
Tech firm ABB has agreed terms to supply Jamaica with a microgrid and storage system to help integrate solar and wind energy into the island’s power supply.