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Egypt: SDX Energy announces successful MSD-19 well in the West Gharib Concession


18 Sep 2019

Photo - see caption

AIM-listed SDX Energy, the North Africa focused oil and gas company, has announced that the MSD-19 development well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator) has encountered a commercial oil accumulation.

The well was drilled to a total depth of 4,665 feet and encountered approximately 135 feet of net heavy oil pay across the Asl Formation, with an average porosity of 24%.  The well was completed as a producer, connected to the central processing facilities at Meseda and brought online at an average stabilised rate over five days of approx. 315 bbl/d (gross).

Photo - see caption

Mark Reid, CFO and Interim CEO of SDX, commented: 

'We are pleased to announce a further drilling success with our MSD-19 well in the West Gharib Concession, which follows the positive result in the Rabul-7 well in June.  The well was brought online in a timely and cost efficient manner and will provide further support to our 2019 production guidance for this asset of gross 4,000-4,200 bbl/d.  

Further development wells are planned for the Concession in the next 18 months, with the final location of these wells being dependent on government approvals.  A further update on future drilling will be provided to the market in due course.'

Original article link

Source: SDX Energy





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