Client NewsUnited Oil and Gas Plc: Commencement of the 2022 Egypt drilling programme
United Oil & Gas PLC (AIM: “UOG”), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce the spudding of 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 (KEE).
· 2022 Abu Sennan drilling campaign has commenced with the spud of the ASD-2 development well
· ASD-2 is the first well in a fully funded four well drilling campaign
· The well is a follow-up to the commercial discovery that was made by the ASD-1X exploration well in 2021
· It will target potential gross upside volumes of 5.5 mmbbls STOIIP (operator’s estimate) in the Abu Roash C reservoir
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