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United Oil and Gas Announces Quarterly Production Report

Source: www.oilegypt.com 1/13/2021, Location: Africa

United Oil & Gas PLC ("UOG"), the full-cycle multinational oil and gas company, offers a quarterly production update for the period to the end of 2020.

- United's H2 2020 net working interest production averaged 2,340 boepd in line with guidance for the period of 2,300 boepd

- Q4 2020 net working interest production averaged 2,243 boepd (1,960 bopd oil and 283 boepd gas)

- With the ASH gas pipeline coming onstream on the 27th December, United exited 2020 with net working interest production of 2,389 boepd

All of United's production for the period was from the Kuwait Energy Egypt ("KEE") operated Abu Sennan Licence, Egypt, in which United holds a 22% working interest.

This data will vary quarter on quarter as development, appraisal and exploration operations continue.

United Chief Operating Officer, Jonathan Leather commented:

"The Abu Sennan asset continues to perform strongly. With the ASH gas pipeline coming onstream at the end of the year, 2021 has already seen a boost to production, with c.220 boepd of additional gas now being captured on a net basis.

"United are looking forward to further potential production additions from Abu Sennan in 2021, with a number of activities planned. Drilling at ASH-3, the first of a multi-well programme, is currently underway, with results from this well due in Q1."

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