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.

SDX starts up Sobhi flow

Drilling equipment at work, with a flare in the background
SDX Energy

SDX Energy has begun producing at its Sobhi well in Egypt’s South Disouq licence, six weeks ahead of schedule.

The SD-12X well was drilled in the second quarter of 2020. SDX made a commercial discovery in the Kafr el Sheikh (KES) formation. This well, also known as Sobhi, began producing on December 21.

SDX estimates the well has 24 billion cubic feet of recoverable resources. The company expects it can produce at up to 10-12 million cubic feet per day. Production is currently 5-7 mmcf per day.

“I am very pleased to be able to announce a strong end to 2020 and a promising start to 2021 with our SD-12X (Sobhi) well, where we have 100% entitlement interest, coming on stream six weeks ahead of schedule,” said SDX’s CEO Mark Reid.


The company also provided an update on its 2020 operations. Production in the year averaged around 6,400 boepd, up 58% from 2019 and above expectations for 2020. Output from South Disouq and Morocco were above expectations, while West Gharib was at the “top end of guidance”.

“Furthermore, as a result of our continued focus on capital discipline, I am pleased to report that our 2020 capex spend was approximately US$1 million lower than our guidance of US$26 million,” Reid said.

At the end of 2020, SDX was debt free with $9.6mn of cash. The company also has $2.5mn available under a facility with the European Bank for Reconstruction and Development (EBRD).

“When viewed in light of a year which was full of operational challenges and volatile commodity prices, I see our robust cash generation as a hallmark of our business and is testament to the commitment of the team at SDX,” the CEO said.

“We have started 2021 in a very positive position with an exciting programme of nine wells to be drilled in the year and I expect us to build on the successes of 2020 by discovering more resource and continuing our resilient cash generation.”

In a November presentation, SDX said it would drill the Hanut well in the second or third quarter of 2021. It also plans to drill Warda and Mohsen wells on the South Disouq licence in 2022.

Recommended for you

More from Energy Voice

Latest Posts