SDX Energy Inc, the North Africa focused oil and gas company, has announced the spud of its KSR-15 well on the Sebou area in Morocco
The well is anticipated to take 21-30 days to drill and complete. If successful the well will be completed, flow tested and connected to the existing infrastructure. SDX expect these activities to be carried out within 30 days of the drilling rig departing the location. This is the second of a nine well drilling programme on the Company’s Sebou, Gharb Centre and Lalla Mimouna permits in Morocco.
As per the announcement on 11 October 2017, SDX can confirm that its KSR-14 well will be put on test production within the next 10 days.
This announcement comes after the gas discovery at the KSR-14 well, which SDX Energy has a 75 per cent working interest in. The KSR-14 well was drilled to a total depth of 1830 meters and encountered 20 meters of net conventional natural gas pay in the Guebbas and Hoot formations over 4 intervals. The initial results have exceeded pre-drill estimates, and work is currently underway to further evaluate the well’s accurate recoverable volume estimate. Once the drilling rig has left the location, SDX expects that the well will be connected to the existing infrastructure and produced.
Paul Welch, President and CEO of SDX, commented: "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. This outcome in Morocco is an excellent start to our nine well programme, where we are targeting an increase in our local gas sales volumes in Morocco by up to 50 per cent. I look 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.”
