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.”
United Oil & Gas
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.
Quattro and United extend date for North Sea licence sale
United Oil & Gas has announced that it has agreed to a long stop date extension with Quattro Energy for the sale of its P2519 licence, containing the Maria discovery.
United abandons Egypt well, moves rig to ASH field
Kuwait Energy Egypt will plug and abandon the most recent well on Egypt’s Abu Sennan licence, United Oil & Gas has said.
United appoints Boru’s Dunne as new CFO
United Oil & Gas is replacing its CFO, David Quirke, with Peter Dunne, as of today.
United launches Egypt drilling campaign
Kuwait Energy Egypt has begun drilling on the Abu Sennan licence in Egypt, United Oil & Gas has reported, marking the start of a four-well programme.
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 lines up more production at Abu Sennan
The Al Jahraa-8 development well on Egypt’s Abu Sennan concession has flowed at a maximum rate of 2,819 barrels of oil equivalent per day, United Oil & Gas has reported.
Abu Sennan fast tracks discovery into production
The joint venture working at Abu Sennan has started production from a well only two months after the discovery, United Oil & Gas has said.
United preps for more Abu Sennan production
The ASD-1X, in Egypt’s Abu Sennan, is a commercial discovery, United Oil & Gas reported, saying a second well had been spudded on May 2.
Kuwait Energy adds up ASH-3 at Abu Sennan
Kuwait Energy has tested the ASH-3 well in Egypt at 6,379 barrels per day of oil and 6.7 million cubic feet per day of gas.
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.
Drilling restarting at Abu Sennan
Kuwait Energy has signed up a drilling rig for work on the Abu Sennan concession and is making progress on the ASH-2 pipeline.
United celebrates infill success at Abu Sennan
Testing of Egypt’s El Salmiyah-5 has seen the well flow at rates of around 8,700 barrels of oil equivalent per day, United Oil & Gas has reported.
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 nears Abu Sennan deal
United Oil & Gas has returned to trading on London’s Alternative Investment Market (AIM) and is nearing completion of its acquisition of a stake in Egypt’s Abu Sennan licence.
Malaysian firm Hibiscus clinches deal to buy Crown discovery
Malaysian firm Hibiscus Petroleum has struck a deal to acquire a North Sea discovery from two UK oil and gas businesses.