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SDX Energy Drills New Development Well in Kenitra Permit

SDX Energy Drills New Development Well in Kenitra Permit

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According to a statement released by the company, the well should take 21 to 30 days to drill and complete. SDX expects the drilling, testing, and connecting to the existing infrastructure to be carried out within 30 days.

A total of nine wells are expected to be drilled on the Sebou, Gharb Center, and Lalla Mimouna permits with the objective of increasing gas sales by 50 percent and additional reserves by more than 100 percent, explains the company. The tests for the production will be launched in the next days at the well KSR-14.

Just this October, SDX announced two gas discoveries at the KSR-14 well on the Sebou permit in Kenitra, in which the company has a 75 percent working interest. The well, drilled to a depth of 1,830 meters, has revealed traces of gas in the Guebbas and Hoot formations. “Initial results have exceeded pre-drill estimates and work is currently underway to further evaluate the well’s accurate recoverable volume estimate,” the company stated October 11.

“This positive result follows the company’s recent oil discovery at our West Gharib concession in Egypt and demonstrates the real momentum developing across our portfolio,” said SDX CEO Paul Welch.

“This outcome in Morocco is an excellent start to our nine-well program, where we are targeting an increase in our local gas sales volumes in Morocco by up to 50 percent,” Welch further explained, adding that he looks forward to “reporting on the flow rates from today’s KSR-14 discovery and last week’s Rabul 2 discovery in the near term along with updating our shareholders on further progress on our South Disouq Development activities in due course.”

SDX is an international oil and gas exploration, production and development company, headquartered in London, England, UK, with a principal focus on North Africa. In Morocco, the company has a 75 percent working interest in the Sebou concession situated in the Rharb Basin.

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