UOG encounters 22 meters of net oil pay while drilling ASH-8 well

United Oil & Gas (UOG) announced that it has encountered 22 meters of net oil pay while spudding the ASH-8 development well (“ASH-8”) in the Abu Sennan license, onshore Egypt.

In a statement, the company said that this result came after drilling a total depth of 3,999 meters and is in line with pre-drill expectations.

UOG added that the well will be completed and tested in the coming days and can then be brought immediately onstream through the existing ASH facilities, adding additional production and revenue for the company.

The company noted that when completing the drilling process of ASH-8, the rig will move to the ASD-3 location to drill the second development well in the 2023 drilling program.

On this occasion, UOG’s CEO, Brian Larkin commented: “We are pleased with the result from the ASH-8 well, which is in line with pre-drill expectations and provides a positive start to the 2023 drilling campaign. The well will now be tested before the rig is moved to the ASD-3 well location.  Successful development wells on the ASH field can be quickly brought on stream through existing facilities, generating immediate production and revenue for the company.”

“We look forward to reporting on the initial stabilized flow-rates in due course, and to continuing our 2023 drilling program with the ASD-3 development well,” Larkin said.