United Oil & Gas PLC (AIM: UOG ), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to provide the following update on the drilling of the Al Jahraa-8 ( AJ-8 ) development well in the Abu Sennan concession, onshore Egypt (the Licence ). United holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt. Highlights from AJ-8 Well: · Initial interpretations indicate a total of over 40m MD of net oil pay encountered cumulatively across three different reservoir units in a sidetrack (AJ-8ST1), after the initial hole was plugged back due to stability issues
Egypt: United Oil and Gas announces successful Al Jahraa-8 development well
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United Oil & Gas makes oil discovery at Egypt s Abu Sennan concession
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The independent upstream oil and gas company Apex International Energy (Apex) has announced an oil discovery in an area located in the Western Desert of Egypt.
The area is almost ten kilometres away from the nearest producing field.
The drilling reached a depth of 5,700 feet and discovered 65 feet of oil pay in the Cretaceous sandstones of the Bahariya and Abu Roash G Formations.
The sandstones of the Bahariya Formation is considered to be an important oil and gas reservoir in Egypt.
The firm estimated testing of the Bahariya resulted in a peak rate of 2,100 barrels of oil per day with no water.