EGYPT – United Oil & Gas has announced the commencement of a drilling program on the Abu Sennan concession in Egypt as a rig contract is inked for the program. United Oil & Gas is a growing oil and gas company with a portfolio of production, development, exploration and appraisal assets. The EDC-50 rig, with a history of successful drilling in the Western Desert, has been contracted for the drilling programme, starting with the ASH-3 development well, with low-cost rig-rates linked to oil-price. The campaign will be funded from operating…
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