In Meseda (SDX 50% working interest and joint operator), an ESP replacement program was undertaken during the year and four development wells were successfully drilled and completed: Rabul-5, Rabul-4, MSD-16 and MSD-15.
The Meseda field is a 45km2 concession situated onshore in the highly prospective West Gharib block, on the west side of the Gulf of Suez.
SDX Energy holds 50% working interest in the block, with Dublin International Petroleum holding the remaining operated 50% interest.
Two new wells, Rabul-6 and MSD-17, will be drilled in 2019. Targeting gross production guidance of 4,000-4,200 boepd in 2019.
- 100MMBO in place across Meseda and Rabul Fields
- Cumulative production of 11.1 MMBOE
- Current gross production of 5,580 bopd
- 16 producing wells
Gross capex in 2019 is expected to be approximately US$8 million (US$4 million net to SDX of which US$1.6 million relates to the two planned wells and US$2.4 million relates to ESP replacements and the facilities upgrade).
Share Of Production
FY 2019 Gross
Outlook For Meseda
- Targeting gross average 2019 production of 4,000-4,200 bbl/d.
- The operator plans to drill two wells in H1 2019, one in Rabul, which will continue to develop the discovery area, and one development location in the Meseda field. In addition, two water injection wells are currently planned, one in Rabul and one in Meseda.
- The operator also plans to replace up to five ESPs in the wider Meseda area and upgrade water handling capabilities at the field facilities.
- Gross capex in 2019 is expected to be approximately US$8 million (US$4 million net to SDX of which US$1.6 million relates to the two planned wells and the two water injection wells and US$2.4 million relates to ESP replacements and the facilities upgrade).