Petroleum Africa
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Friday, January 24, 2020
According to SDX Energy, seven “close to infrastructure” appraisal/development wells have been drilled to date in the 12-well campaign resulting in five commercial discoveries. The company estimates that this has added 2.0 – 2.5 Bcf (gross) to its estimate of existing gross gas reserves of 4.0 – 5.0 Bcf in Morocco. Given low connection costs, and assuming continued well deliverability, SDX estimates that these reserves will be sufficient to fulfil existing customer contracts for the next 30 to 36 months.
The company expects to add incremental reserves and contingent resources from the remaining five wells in the campaign and through future development of its acreage. These five wells consist of: two play-opening appraisal wells to determine whether the prospectivity of the Company’s core area extends to the north; two exploration wells in Lalla Mimouna targeting deeper prospectivity in a potential new play fairway; and one “close to infrastructure” appraisal/development well.
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