SDX completed a work-over program at the North West Gemsa Concession to reverse production declines from the concession’s wells, Egypt Oil & Gas reports.
The program installed or updated electrical submersible pumps (ESPs) at twelve wells with the goal of restoring production from the concession to approximately 5,000 barrels of oil equivalent per day (boe/d), according to a company press release.
Production from the concession rose slightly from 4,502 boe/d in the second quarter to 4,556 boe/d in the third quarter, according to SDX’s figures.
The company also performed tube and pump maintenance at three wells at the Meseda Concession.
In addition to its maintenance work, the company completed the expansion of its processing facility at the Meseda Concession, increasing its capacity from 10,000 barrels per day (b/d) to 20,000 b/d.
SDX owns a 50% stake in both concessions. The company also owns a 55% stake in the South Disouq Concession and a 12.5% stake in the South Ramadan Concession.
In 2018, SDX will continue to upgrade its current wells to maintain production and plans to drill up to nine new developments wells in its Egyptian concessions.
In September, the company announced that it had raised $10 million to fund its development programs in Egypt and Morocco. Out of the $10 million, the company expected to spend $5 million on two natural gas exploratory wells in the South Disouq Concession.
SDX is a London-based international oil and gas company that focuses on North Africa.