SDX Energy has announced making an oil discovery at the Rabul 4 well, located in Egypt’s West Gharib Concession, Egypt Oil & Gas reports.
The Rabul 4 well was drilled at a 5,250-feet depth and it “encountered approximately 43 feet of net heavy oil pay across the Yusr and Bakr formations, with an average porosity of 16%,” the company said in a statement.
The company, which owns a 50% stake in the concession, expects the Rabul 4 well to be producing and connected to the processing facilities at Meseda following an evaluation of the discovery, which is currently ongoing.
Upon completing the well, SDX Energy will start drilling two development wells at the Meseda field.
“We are pleased with the result at Rabul 4,” SDX President and CEO Paul Welch said.
“The development activity in the Rabul area has been both rapid and successful for SDX and our partners and we are now looking forward to drilling the two development locations in Meseda which we believe will also be significant contributors to our production growth in 2018,” he added.