SDX announces spud of SRM-3 oil well in Egypt

sdx srmSDX Energy Inc, the North Africa-focused oil and gas firm, has announced to spud its SRM-3 appraisal well at South Ramadan, Egypt, where SDX has a 12.75 per cent working interest

The SRM-3 well is the last remaining commitment well on the South Ramadan concession. The well is anticipated to take up to 90 days to drill and complete. Based upon the results of this well SDX will decide how to optimise its position in the licence.

London-headquartered SDX is a continual player in North Africa’s oil and gas sector. In May 2018, the company achieved positive results of the well test conducted on the Ibn Yunus 1X well, following the conventional natural gas discovery at South Disouq, Egypt.

Apart from Egypt, SDX has a significant presence in Morocco’s oil and gas sector as well. It made a conventional natural gas discovery at the LMS-1 exploration well on the Lalla Mimouna permit in Morocco, where the company has 75 per cent stake.

Referring to oil and gas activities in North African nations, Paul Welch, president and CEO of SDX, said that the company remain optimistic about further positive news flow as we move towards delivering the first gas from the licence before the end of 2018.

In 2017, the company was awarded gas discovery at KSR-14 and KSR-15 well on the Sebou area in Morocco. In 2016, SDX Energy and Dana Petroleum commenced drilling operations on its high-impact exploration well on Bakassi West in Cameroon, Central Africa’s major oil and gas project.

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