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).

 

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Brian Larkin talks to Proactive London’s Katie Pilbeam about the countdown to the start of drilling at the Abu Sennan project, in Egypt.

The plan is to spud over the Christmas period, with a busy first three months of 2021 ahead.

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.

Larkin is pleased to be ready to re-commence drilling activities at the Abu Sennan licence which is fully funded from operating cash flow.