Oil pay discovered in several reservoirs in SDX Energy's South Ramadan project
, an oil and gas company focused on North Africa, has discovered conventional oil pay in several reservoir areas at its SRM-3 well at their South Ramadan project, in which SDX hold a 12.75% working interest.
The Egyptian well was drilled to 15,635 feet, encountering 75 feet of net conventional oil pay in the Matulla section, 20 feet in the Brown Limestone and an additional 15 feet in the Sudr section.
Given these results, the well will be completed in the Matulla section and subsequently tested to determine whether SDX can expect it to flow at a commercial rate.
Adding to their positive start to 2019, SDX also shared with investors today that they have received approval for the development lease they submitted, alongside their partner, for their South Disouq concession. In light of this, construction of the pipeline and central facility have begun at the project site.
The company holds a 55% working interest in South Disouq and is the project’s operator.
First production from this licence remains on schedule, expected to start towards the end of H1 2019, with SDX anticipating to achieve a gross plateau production rate of conventional natural gas of between 50-60 MMscf/d.
A 170km2 3D seismic acquisition programme of the project is 50% complete and is expected to wrap up early next month. This seismic data will be analysed to inform the drilling set to resume on the licence shortly after it has been collected.
The company has plans to drill up to four wells at South Disouq in H1 of this year.
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