Client NewsUnited Oil & Gas PLC: Commencement of Production from the ASD-2 well
United Oil & Gas PLC the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce an update on 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.
· The ASD-2 well has commenced production at an initial rate of c. 2,100 bopd gross (c.462 bopd net), significantly above pre-drill expectations
· An exceptionally short turnaround time of just six days from well completion to production and revenue generation for United
· A rig has been mobilised to drill the second well in the 2022 drilling programme. This is the ASV-1X exploration well which is expected to spud in the coming days
· A fifth firm well has been added to the fully funded 2022 drilling campaign following completion of technical work and a sustained high-oil price
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