SDX Energy is actively involved in exploration and development activities in Egypt’s Eastern Desert and the Nile Delta.
Since becoming operator, the Company has made considerable progress at its South Disouq concession, located in the Nile Delta, where two gas fields were discovered. Firstly, in 2017 the South Disouq field was discovered by well SD-1X, which flowed tested at 26 MMscf/d from the Abu Madi Formation, and was followed in 2018 by appraisal wells SD-3X and SD-4X. Secondly, the 2018 Ibn Yunus-1X exploration well discovered gas in the basal Kafr El Sheikh Formation and was successfully flow tested at 39 MMscf/d.
- 55% interest and operator
- Located in the Nile Delta north of Cairo.
- 50% interest (non-op)
- The Meseda and Rabul Fields lie in the 45km2 concession situated onshore in the highly prospective West Gharib blocks
G & H, on the west side Gulf of Suez.
The construction of a Central Processing Facility, a 10 km export pipeline and the tie-ins for the four existing production wells was completed in 2019, with first gas achieved, on time and on budget, in Q4 2019 at a gross plateau production rate of 50 MMscf/d, three months ahead of expectations.
Following this success, a two well exploration campaign commenced in Q1 2020, resulting in a discovery at the SD-12X Sobhi well, encountering 108 ft net of high-quality gas bearing sands. SDX estimates the discovery has added c.24 bcf (gross) of recoverable gas resource, meaning the Company can sustain production for longer at its flagship asset. Sobhi is expected to be tied in during 2020/2021 via a 5.8 km connection to the Ibn Yunus-1X location. SDX elected to drill the Sobhi well at a 100% working interest.
The West Gharib concession in Egypt contains the Meseda and Rabul fields, in which SDX holds a 50% non-operated working interest. The Company continues with the drilling of regular appraisal and development wells to maintain stable production. In Q1 2020, the RB-3 well was successfully drilled for completion as a producer. The Company expects it to add 300 bbl/d to the overall production of the asset. Two further development wells are planned for 2020/2021, which could add a further 600 bbl/d of production.
SDX’s 50% interest in the NW Gemsa asset was sold on 13 July 2020.