As new work programmes move closer, the company noted that production for the second half of 2020 is set to exceed earlier expectations
United Oil & Gas PLC (LON:UOG) said it is now counting down to the start of drilling at the Abu Sennan project, in Egypt, as a rig contract is inked for the programme.
The EDC-50 rig has been contracted to the programme which kicks off with the ASH-3 development well, slated ‘in the coming weeks’.
It is expected that the programme will continue after ASH-3 with follow-on targets seen in a low-risk exploration well along with a further ASH development well.
United noted that its working interest production from the 22%-owned Abu Sennan asset is on-target to exceed prior guidance for the second half of 2020, which had been pitched at 2,300 barrels oil equivalent per day (boepd).