The Meseda and Rabul fields lie within block H of the onshore in the highly prospective West Gharib concession, located at the western margin of the Gulf of Suez. The Rabul field lies c. 3 km northwest of the Meseda field and is connected to the CPF at Meseda. SDX Energy holds 50% working interest in the block, with Dublin International Petroleum holding the 50% operated interest.
Heavy oil is produced from the Asl Formation at the Meseda field, and from the Yusr and Bakr Formations at the Rabul field.
Commencing Q2/Q3 2021, the Company plans to drill four producing wells and one injector well in the West Gharib concession, which will target approximately 1 million barrels of recoverable resources, with each well expected to produce gross 300-400 bbl/d.
- 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 2021 is expected to be approximately US$3 million (US$1.5 million net to SDX) for the drilling campaign and tie-in.
Share Of Production
FY 2019 Gross