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Tuesday, January 15, 2019
SDX Energy saw its SRM-3 well on Egypt’s South Ramadan concession reach its targeted depth. The company said in a recent release that the well was drilled to a depth of 15,635 ft and encountered 75 ft of net conventional oil pay in the Matulla section.
According to SDX, who holds a 12.75% stake in the concession, drilling also encountered 20 ft of net conventional oil pay in the Brown Limestone formation and a further 15 ft of net conventional oil pay in the Sudr section. The well will be completed in the Matulla section and then tested to establish whether the well will flow at a commercial rate.
On the South Disouq, where SDX is the operator with a 55% working interest, the company’s development lease application was approved by the relevant authorities and construction of the pipeline and central facility have commenced. First production from the license remains on track to commence towards the end of H1 2019, with SDX expecting to achieve a gross plateau production rate of conventional natural gas of between 50-60 Mmscf/d.
It also saw its 170 sq km 3D seismic acquisition program at South Disouq reach 50% completion. SDX expects the survey to conclude in early February, followed by processing and interpretation. The company expects to resume drilling on the license shortly after processing and interpretation is complete.
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