North-Africa focused SDX Energy has started drilling its Ibn Yunus-1X exploration well at South Disouq, Egypt.
The drilling campaign is the first of a planned four well program on the South Disouq concession and is expected to take 30 days to complete.
Ibn Yunus-1X will be followed by two appraisal wells, which, if successful, will be used as producers thereby completing the base case development plan for the new field.
SDX forecasts a plateau rate from the SD-1X field of 50 million standard cubic feet per day.
However, with any exploration success, the field plateau rate could potentially increase up to 100 million.
SDX chief executive Paul Welch said: “I am very excited to be back drilling in the South Disouq concession. The success of the SD-1X well proved the existence of source rock in this area which was our biggest uncertainty pre-drill. The technical work that’s been completed by our team after the first successful well has provided us with additional confidence in our ability to identify conventional natural gas bearing intervals within the 3D seismic data set.
“We currently have over 300 km2 of 3D seismic in the block with identified potential of up to 2 trillion cubic feet (gross) of conventional natural gas. Success at Ibn Yunus will de-risk a large portion of that volume which would be very significant for our shareholders. I look forwarding to reporting on our results in due course.”
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