Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Meseda well not enough to halt decline for SDX

SDX's West Gharib block, holding the Meseda and Rabul fields
SDX's West Gharib block, holding the Meseda and Rabul fields

SDX Energy has struck oil at the West Gharib block, in Egypt, and begun producing.

The MSD-19 development well has found 41 metres of net heavy oil pay, the company said. It was drilled to a total depth of 1,421 metres, finding oil in the Asl formation, with an average porosity of 24%.

The well was completed and connected to the central processing facilities (CPF) at Meseda. Production has averaged 315 barrels per day over the first five days. The well was spudded in early August.

“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 bpd,” said SDX’s CFO and interim CEO Mark Reid. More development wells are planned for the concession over the next 18 months. The licence holds the Meseda and Rabul fields, which flowed at 4,300 bpd during the first six months.

This follows a discovery reported on the West Gharib in June. The Rabul-7 well found 40.8 metres of net heavy oil pay, with average porosity of 18%. Production over its first five days was around 415 bpd.

SDX has a 50% stake in the concession, while the remaining 50% is held by Dublin International Petroleum.

During the second quarter, workovers were carried out on five wells on the Rabul and Meseda fields, following on from four workovers in the first quarter. Spending on the fields is expected to be $5.4 million this year, of which $2.7mn is net to SDX.

The most important part of SDX’s Egyptian portfolio is the South Disouq development, which will require $35.5mn gross spending in 2019. This is expected to begin producing at the end of the year and reach a peak of around 50 million cubic feet per day in the first quarter of 2020. Hooking up the CPF was due to begin in late August.

Additional exploration drilling is being considered for South Disouq. SDX has a 55% stake in this development.

Recommended for you

More from Energy Voice

Latest Posts