EGYPT:SDX Energy Spuds MSD-27 Infill Development Well

SDX Energy has announced the spudding of the MSD-27 infill development well on 21 July 2022 at the Meseda Field, West Gharib concession, Egypt. MSD-27 is targeting the primary Asl Formation reservoir at around 3,900 feet MD (3,100 feet TVDSS) and is the sixth well in a fully-funded, 13 well development campaign on the Meseda and Rabul oil fields.

The finalisation of drilling on the fifth well of the campaign, MSD-23, was announced on 15 July 2022 with completion and tie-in activities underway. Operations at the third well, MSD-20, are expected to recommence in the coming weeks following the replacement of a rig which had experienced operational issues.

The development drilling campaign is aimed at growing production to c.3,500 – 4,000 bbl/d by mid-2023.

Mark Reid, CEO of SDX, commented:

“I am pleased to announce the spudding of MSD-27, the sixth well in the 13 well infill drilling campaign on the West Gharib Concession. The spudding of MSD-27 came only seven days after our announcement of drilling operations completing on the previous well drilled by this rig, MSD-23, and indicates the accelerated rate of drilling that we are now achieving. I look forward to updating the market further as the campaign progresses.”