United Oil, Kuwait Energy make gas find in Egypt
United Oil and Gas, a London-registered company, said May 4 it made a commercial natural gas discovery in Egypt while working alongside the national subsidiary of Kuwait Energy.
United completed the ASD-1X exploration well, located just northeast of the producing Al-Jahraa field, on March 30, ahead of schedule and under budget. Preliminary data shows the well ran encountered net pay of at least 22 m across several intervals.
That notice allows the companies to submit an application for development.
“This will not only enhance production but will further increase the proven reserves on the licence,” United CEO Brian Larkin said.
ASD-1X was the second well to be drilled in the 2021 campaign. The first was the ASH-3 development well.
Kuwait Energy has a 25% operating interest in Abu Sennan while United has 22%, Global Connect has 25% and Dover Investment has 28%.