Wednesday, February 14, 2018
SDX Energy signed a contract for use of the ST-6 rig with Sino-Tharwa Drilling Company for the South Disouq in Egypt, including the its Ibn Yunus-1X exploration well. The agreement is for four firm wells and one contingent well.
Sino-Tharwa’s ST-6 rig is currently drilling for another operator and is anticipated to be released in late February 2018 from a location in the Western Desert. It will then be mobilized to the Ibn Yunus prospect location. Following inspection and rig up, the well is anticipated to be spud in mid-March 2018.
Operations at the Ibn Yunus-1X well are anticipated to take 30 – 40 days and will be targeting the same Abu Madi conventional natural gas bearing intervals that were discovered in the SD-1X well in April 2017. After Ibn Yunus, the rig will move to the SD-1X discovery, where it will drill two appraisal wells before moving on to the Kelvin-1X exploration prospect.
SDX also revealed that it has spud its Rabul 5 development well on the West Gharib Concession. The Rabul 5 well is the first of two development wells planned for the field this year. The well is targeting both the Bakr and Yusr oil bearing intervals found in the Rabul 1 and 2 wells. Operations for Rabul 5 are anticipated to take approximately 30 days.