SDX company announced the commencement of the South Disouq drilling campaign which comprising two wells during the next few months, according to a press release.
The first well is the one-step development well which targets the high porosity and permeability Basal Kafr El Sheikh reservoir, at approximately 6,600 feet (ft) in the Ibn Yunus Field.
Per the statement, the production from the well is expected to start in late Q3 2021, and will help keep gross production levels of “c.45mmscfe/d at the South Disouq Central Processing Facility”.
The second exploration well is the HA- 1X which is expected to spud after the completion of IY-2 in early August. It targets recoverable volumes of 139 billion cubic feet (bcf).
“After our previous highly successful campaigns at South Disouq where we have achieved five discoveries from seven wells drilled, I am excited to announce the commencement of our next phase of drilling. [……]. This gross 139bcf prospective target, which has a 33% chance of success, has the potential to significantly transform the resource profile of the Company and we look forward to updating the market further as the well progresses,” Mark Reid, CEO of SDX, commented on the announcement..