SDX Energy Plc has commenced the first phase that includes three wells, for its 2021 drilling campaign in Morocco that targets five wells over the year, according to SDX’s press release.
In this regard, Mark Reid, CEO of SDX, stated “I am pleased to announce that the Company has commenced its 2021 drilling activities of up to eleven wells across our portfolio of assets with the spud of the OYF-3 appraisal/development well in Morocco. This is the first of three wells to be drilled in the coming months with a further two planned for later in the year. The objective of these wells is to add reserves to allow us to continue to deliver gas to our customers in line with their contractual requirements.”
This first phase of the Morocco drilling campaign involves the development of three wells in Gharib basin, with a target of 1.3 billion cubic feet (bcf) of P90/1.8 bcf of P50 of recoverable resources and the company holds 75% of working interest.
The first well OYF-3, which began in April 30 2021, is targeting the Guebbas reservoir at approximately 1,160 meter (m), while, the second well KSR-17 will target the Hoot reservoir at approximately 1,720m. The third well KSR-18 is a dual target well including one in the Guebbas reservoir at 1,600m and other in the Hoot reservoir at around 1,790m.
Per the company statement, all three wells are looking to encounter shallow, biogenic gas accumulations near to the company’s existing infrastructure, thus enabling tie-ins to be completed quickly and at low cost. “The company will utilize the drilling rig that is already stacked in its yard in Morocco, thereby incurring minimal mobilization cost.”
The campaign is scheduled to end in July 2021, during which the company will update the market on results. The second phase of the Moroccan drilling campaign will begin in September/October 2021.