EGYPT: SDX Energy Discovers More Oil in the Sobhi Field

SDX Energy has announced a gas discovery at the SD-12_East well that targeted a separate compartment in the Sobhi Field, within the Ibn Yunus North development lease. 

SD-12_East (SDX Working Interest: 67%) spudded on 17th April and reached TD at 7,295ft MD on 26 April 2022. The primary basal Kafr El Sheikh target was encountered at 6,567ft MD and discovered 70.2ft of net pay gas sand with an average porosity of 24.1%. A secondary target gas sand in the upper Kafr El Sheikh was also encountered at 4,838ft MD and discovered 9.1ft of net pay gas sand with 30.7% porosity. SD-12_East will now be completed, tested in the primary target area and tied-in to the CPF via the SD-12X flow-line and it is estimated that the well will be on production in July 2022. An announcement concerning the results of the testing of SD-12_East will be made in due course. 

With the completion of SD-12_East, the rig will now move to the final well in the three well campaign, MA-1X, which is targeting the Mohsen prospect and which has a planned spud date in late May. 

Mark Reid, CEO of SDX, commented: 

“I am very pleased to announce a second successful well in the South Disouq 2022 drilling campaign.  SD-12_East is expected to be contributing to production by July 2022 and I look forward to updating the market further on the results of the well-test when this completes in the coming weeks.”

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