United Oil & Gas completes drilling of ASW-1X exploration well

In a company statement, United Oil & Gas announced the completion of drilling operations at the ASW-1X exploration well.

The ASW-1X well is located in the Abu Sennan license, onshore Egypt, where the company holds a 22% non-operating interest, and is operated by Kuwait Energy Egypt (KEE).

The well has been drilled to a 3,640 meters total depth, 10 days early and under budget. Moreover, the well encountered a net reservoir in the Bahariya, Alam El Bueib, and Abu Roash targets, however, the logs did not show hydrocarbon presence.

The ASW-1X well results will be integrated into the company’s subsurface understanding of the Abu Sennan license, as well as the additional data that are planned to be used to prioritize future drilling locations.

“Although the results of the ASW-1X well are disappointing, the JV partners are positive about the remaining prospectivity on the license and will continue to deliver the maximum value from it,” United CEO, Brian Larkin, commented.