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SDX Energy makes gas discovery in Moroccan concession

EBR Staff Writer Published 12 October 2017

North Africa focused oil and gas company SDX Energy has made a gas discovery on the Sebou license in Morocco’s Rharb Basin following the drilling of its KSR-14 development well.

The well after being drilled to a total depth of 1830m, encountered 20m of net conventional natural gas pay in the Guebbas and Hoot formations over four intervals, stated the company.

SDX Energy revealed that the well is expected to commence production in nearly 30 days. The UK-based company has a working stake of 75% in the Moroccan block.

The company said that preliminary results have surpassed pre-drill estimates. Currently, work is in progress to further assess the accurate recoverable volume estimate of the KSR-14 well.

It stated that the development well will be linked to the existing infrastructure to begin production after the drilling rig leaves the location.

SDX president and CEO Paul Welch said: “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%.”

SDX Energy entered into the 135km2 Sebou concession by acquiring 75% stake from Circle Oil earlier this year.

The gas discovery at Sebou follows the oil discovery for SDX Energy in the West Gharib Concession in Egypt. SDX Energy, which has a 50% stake in the Egyptian block and is a joint operator, said that the discovery was made by the drilling of the Rabul 2 Well.