{"id":30141,"date":"2020-10-15T07:32:38","date_gmt":"2020-10-15T05:32:38","guid":{"rendered":"https:\/\/www.ecomnewsmed.com\/?post_type=news&#038;p=30141"},"modified":"2020-10-15T07:34:16","modified_gmt":"2020-10-15T05:34:16","slug":"egypt-abu-sennan-oil-project-shows-very-positive-production-pesults","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2020\/10\/15\/egypt-abu-sennan-oil-project-shows-very-positive-production-pesults\/","title":{"rendered":"Egypt: Abu Sennan Oil Project shows very positive production results"},"content":"\n  \n    \n      \n\n\n    \n  \n\n\n  \n    \n      \n\n\n    \n  \n\n\n  \n    \n      \nUnited Oil &amp; Gas increased production to 12,347 barrels of oil equivalent per day (bepd) in June from the 7,770 bepd recorded in March at its Abu Sennan concession in Egypt. This marked improvement is explained by the recent increase in oil reserves, signaled by a technical assessment a few months ago.\n\n    \n  \n\n\n  \n    \n      \n\u201cThe year 2020 has been a success for United, with the integration of Egyptian assets which require low cost, sustained production, growth in raw material reserves and positive operating cash flow [\u2026]. We have strengthened the Board of Directors and recently welcomed new institutional shareholders to our register, marking our arrival as a full cycle oil and gas company, &#8220;commented Brian Larkin, CEO of the company.\n\n    \n  \n\n\n  \n    \n      \nHe adds that the priority going forward is to manage United\u2019s business more responsibly, allocating the necessary capital in a prudent and efficient manner in order to continue the development of the company.\n\n    \n  \n\n\n  \n    \n      \nThe official also says the company is well positioned to deal with the crisis in the oil industry and is in talks with partners on the project to plan for further exploration.\n\n    \n  \n\n\n  \n    \n      \nSource Ecofin Agency&nbsp;\n\n    \n  \n\n","author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","tags":[5868,5753,5827],"location":[5600],"class_list":["post-30141","news","type-news","status-publish","hentry","tag-egypt-oil-and-gas","tag-entrepriseslife","tag-oil","location-egypt"],"short_url":"https:\/\/bit.ly\/34ZGtXZ","have_related_news":"","chapo":"British exploration company United Oil &amp; Gas posted positive production results from its Abu Sennan oil project in Egypt. The company aims for further exploration.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/legypte-renouvelle-son-contrat-dimportation-de-petrole-avec-lirak-550x360.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/legypte-renouvelle-son-contrat-dimportation-de-petrole-avec-lirak-550x360.png 550w","sizes":"550px","alt":"","width":550,"height":360,"ratio":0.67,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/legypte-renouvelle-son-contrat-dimportation-de-petrole-avec-lirak-986x658.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/legypte-renouvelle-son-contrat-dimportation-de-petrole-avec-lirak-986x658.png 1170w","sizes":"1170px","alt":"","width":1170,"height":658,"ratio":0.67,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Egypt: Abu Sennan Oil Project shows very positive production results - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"United Oil &amp; Gas increased production to 12,347 barrels of oil equivalent per day (bepd) in June from the 7,770 bepd recorded in March at its Abu\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecomnewsmed.com\/en\/2020\/10\/15\/egypt-abu-sennan-oil-project-shows-very-positive-production-pesults\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt: Abu Sennan Oil Project shows very positive production results - Ecomnews Med\" \/>\n<meta property=\"og:description\" content=\"United Oil &amp; Gas increased production to 12,347 barrels of oil equivalent per day (bepd) in June from the 7,770 bepd recorded in March at its Abu\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ecomnewsmed.com\/en\/2020\/10\/15\/egypt-abu-sennan-oil-project-shows-very-positive-production-pesults\/\" \/>\n<meta property=\"og:site_name\" content=\"Ecomnews Med\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-15T05:34:16+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ecomnewsmed.com\/en\/2020\/10\/15\/egypt-abu-sennan-oil-project-shows-very-positive-production-pesults\/\",\"url\":\"https:\/\/www.ecomnewsmed.com\/en\/2020\/10\/15\/egypt-abu-sennan-oil-project-shows-very-positive-production-pesults\/\",\"name\":\"Egypt: Abu Sennan Oil Project shows very positive production results - Ecomnews Med\",\"isPartOf\":{\"@id\":\"https:\/\/www.ecomnewsmed.com\/en\/#website\"},\"datePublished\":\"2020-10-15T05:32:38+00:00\",\"dateModified\":\"2020-10-15T05:34:16+00:00\",\"description\":\"United Oil &amp; 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