SDX Energy announced that it has successfully completed the initial three well phase of its 2021 drilling campaign in Morocco, which will comprise of a total five wells over the year, a press release stated.
According to the statement, the first phase of the campaign included three appraisal/ development wells in Garb Basin. The first well OYF-3 encountered 5.2 meters net gas sand, in addition to 1.7 meters net gas sand in a secondary zone from which the well will produce.
The second well KSR-17 encountered 5.3 meters net gas sand. Both the first and second wells have been tested and connected that they are now producing. Their reserves estimated at a combined gross 81 million cubic feet (mmcm) of recoverable which meet the predrill expectations.
The third well, KSR-18, was spud on 30 May 2021 and reached its TD of 1,905 metres MD on 14 June 2021. Both prognosed targets were successfully encountered, with the shallower Mid Guebbas target comprising of a 3.8 metre net gas sand, and the main Hoot target encountering a 13.9 metre net gas sand. As expected, the main Hoot had been slightly depleted by production from a nearby well, however the well is still expected to contribute incremental volumes and deliverability from this extensive compartment.
KSR-18 will be tested in the coming weeks to refine volumetrics but based upon logging results, the Company expects that this too will be close to its pre-drill P50 EUR estimate of gross 0.75bcf.
On this occasion, Mark Reid, CEO of SDX, expressed his pleasure for this progress saying “The gross 1.5-1.6bcf reserves added by these wells [d OYF-3 and KSR-17 ] is in line with pre-drill P50 estimates and it is anticipated that this will enable us to continue to deliver gas to our customers in line with their contractual requirements. We will now commence the preparations to drill up to two additional wells in Morocco later in the year.”
According to SDX, the second phase of the drilling campaign is expected to start in September/ October 2021.