SDX Energy makes oil discovery in West Gharib Concession, Egypt

The well was drilled to a total depth of 5323 ft and encountered approximately 134 ft of net heavy oil pay across the Yusr and Bakr formations, with an average porosity of 18%. The well was completed as a producer, connected to the central processing facilities at Meseda and brought online at an average stabilised rate over five days of approximately 415 bpd (gross).

Mark Reid, CFO and Interim CEO of SDX, commented: "We are pleased to have made an oil discovery at our Rabul-7 well, in the West Gharib Concession and to achieve further drilling success in this area of the Concession. The well was brought online in a timely and cost efficient manner and will provide further support to our FY 2019 production guidance for this asset of gross 4000 - 4200 bpd. Another development well is planned for the Concession in H2'19. The final location of this well is dependent on government approvals and we will update the market on this in due course."

Read the article online at: https://www.oilfieldtechnology.com/exploration/01072019/sdx-energy-makes-oil-discovery-in-west-gharib-concession-egypt/