SDX today confirmed a gas discovery in its Morocco play.
The North Africa focused oil and gas company revealed a gas discovery has been made at its KSR-14 development well on the Sebou permit in Morocco, which it owns a 75% interest in.
Chief executive Paul Welch said: “This positive result follows the Company’s recent oil discovery at our West Gharib Concession in Egypt and demonstrates the real momentum developing across our portfolio.
“This outcome in Morocco is an excellent start to our nine well programme, where we are targeting an increase in our local gas sales volumes in Morocco by up to 50%. I look forward to reporting on the flow rates from today’s KSR-14 discovery and last week’s Rabul 2 discovery in the near term along with updating our shareholders on further progress on our South Disouq Development activities in due course.”
The KSR-14 well was drilled to a total depth of 1830 meters and encountered 20 meters of net conventional natural gas pay in the Guebbas and Hoot formations over 4 intervals. The initial results have exceeded pre-drill estimates, and work is currently underway to further evaluate the well’s accurate recoverable volume estimate, according to the firm.
Once the drilling rig has left the location, the Company expects that the well will be connected to the existing infrastructure and produced. The well is anticipated to be on production in approximately 30 days.
SDX is headquartered in London, England, UK, with a principal focus on North Africa. In Egypt, SDX has a working interest in two producing assets, 50% North West Gemsa & 50% Meseda, located onshore in the Eastern Desert, adjacent to the Gulf of Suez. In Morocco, SDX has a 75%
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