Page 17 - AfrOil Week 12 2023

AfrOil NEWS IN BRIEF AfrOil

business new africa bna/IntelliNews

The event will be attended by both government PROJECTS & COMPANIES on a 32/64” choke. The production from the well
and private organisations, which would come will continue to be monitored, so that the long-
from international and indigenous oil and gas United Oil & Gas announces term production potential can be assessed. How-
companies, federal government agencies, finan- ever, the currently stable rates coupled with the
cial sector and linkage industries. commencement of lack of water-cut and the pressures observed in
The event will begin with registration of the well provide positive indicators for its longer-
guests on May 17, and the day will close with a production from ASH-8 well term potential. With the well coming onstream
networking cocktail. The second day will feature nearly six weeks ahead of schedule, and with
the opening ceremony and would have speeches, AIM-listed United Oil & Gas has announced rates above pre-drill expectations, the Compa-
goodwill messages and addresses from leaders of an update on the ASH-8 development well in ny’s H1 2023 actual production is expected to be
the industry and the host governor. the Abu Sennan licence, onshore Egypt. United at the upper end of the production guidance of
The event will continue with presentations holds a 22% working interest in the licence, 700-900 bpd of oil net.
from operating companies, international finance which is operated by Kuwait Energy Egypt. The ST-1 rig is now moving towards the
institutions, key players in the industry and rel- ASH-8: As previously announced, the ASH-8 ASD-3 location to drill the second development
evant government institutions. Delegates at the development well was interpreted to have well in the 2023 drilling programme, which is
event will be entertained with performances encountered 22 metres of net oil pay in the pri- expected to spud in the coming weeks.
from musicians at the gala and award night that mary Alam El Bueib (AEB) reservoir target, in Brian Larkin, CEO, commented: “We are
would hold in the evening of Thursday, May 18. line with pre-drill expectations. After reaching very happy with the results from the ASH-8 well,
The event would end on Friday evening TD on February 21, the well was completed and and it is pleasing to see the well being brought
with presentations, technical and opportunity tested on a number of different choke sizes. on stream at a stabilised production rate of over
sessions and would have other activities like The well has now been tied into the existing 2,900 bpd of oil some six weeks ahead of sched-
exhibitions and opportunities for meetings by facilities and brought on stream at an initial rate ule. This is the fifth well in the highly productive
interested companies and individuals. of circa 2,980 bpd of oil and 2.64 mcf per day ASH field, which has so far produced in excess of
NCDMB, 18 March 2023 gross (656 bpd of oil and 0.58 mcf per day net) 4mn barrels of oil. The successful result at ASH-8
will have a positive impact on group production
levels and revenue and further highlights the
long-term value of the field. We look forward to
drilling the next development well at ASD-3 on
a location that was high-graded by the JV Part-
ners following the success of the ASD-2 well in
March 2022.”
United Oil & Gas, 21 March 2023

Dolphin Drilling commences
drilling operations at Oyo

field offshore Nigeria

Dolphin Drilling has started drilling for General
Hydrocarbons Ltd offshore Nigeria using the
Blackford Dolphin rig.
In 2022, it was announced that General
Hydrocarbons, an oil and gas services company
that started operations in Nigeria in 2009, had
been awarded a $96mn contract for a 12-month
period. On March 21, 2023 Dolphin Drilling
revealed that the drilling contract had begun.
The rig, which underwent recertification for
a new five-year period in Las Palmas, Spain, will
target the reworking of existing wells on the Oyo
field, with the potential to drill on new prospects.
Once its contract with General Hydrocarbons is
complete, the rig will remain in Nigeria to work
with Peak Petroleum at a higher day rate.
The Oyo field was previously licensed to Erin
Energy, but the company went bankrupt in 2018.
Dolphin Drilling is best known for its record
of deepwater drilling in harsh environments and
owns three fourth and fifth-generation drilling
rigs.
bna/IntelliNews, 23 March 2023

Week 12 23•March•2023 www. NEWSBASE .com P17