SDX Energy announced drilling updates regarding its Ibn Yunus-2 well, located in the South Disouq Permit onshore Egypt’s Nile Delta.
The company owns 55% working interest in the permit.
The IY-2 well was drilled at a depth of 8,025 feet, encountering around 40.5 feet of high-quality gas-bearing sands. The well has a 23.4%, average porosity, near the Kafr El Sheikh (KES) formation base, the company said in a statement.
The company is awaiting the test results, which are anticipated to be released in few weeks.
The well is expected to maximize Ibn Yunus Field recovery and to help maintaining current c.45 million standard cubic feet equivalent of gas per day (mmscfe/d) gross production levels from the South Disouq central facility.
“This is a good result that fully justifies the drilling of the Ibn Yunus-2 well. With only a short tie-in needed, we expect the well to begin to contribute to production by the end of August and we will update the market on testing in the coming weeks. The rig will move to the Hanut-1X location as soon as the Ibn Yunus-2 completion operations are finished, and we look forward to updating the market further on this potentially transformational well,” Mark Reid, CEO of SDX, stated.