SDX company announced that the performance of South Disouq operations continues to produce 50 million cubic feet per day (mmcf/d) during the Q1 of 2020, as operations remain unaffected by the coronavirus outbreak, according to a statement issued by the company.
SDX mentioned that the performance of South Disouq exceeded the expectations during 2019 reached to 50 mcf/d which has continued until now.
Meseda performance has also exceeded the expectations as a result of a number of successful operational improvement initiative. Two wells were discovered and drilled in Meseda, supporting the string gross production in the first nine months in 2019. Regarding North West Gemsa, the gross production was 500 barrels of equivalent per day (boe/d) above the predictions due to the stronger performance than the expected.
Mark Reid, CEO of SDX, commented on these results saying “2019 was a year of significant operational progress for SDX. Production increased by 14% in the year, and on an individual asset basis it either exceeded or was at the upper end of our 2019 guidance.”
“In the period, we announced first gas on time and on budget from South Disouq in Egypt and a subsequent accelerated ramp up to full production three months ahead of internal expectations. This was a significant milestone for the Group and as well as increasing production in a meaningful way, it also showed the competencies of our Company in being able to bring a project of this scale online in such an efficient manner. Elsewhere in Egypt, we had a successful workover campaign at North West Gemsa which helped add to our strong production performance in the period,” he added.
SDX stated that $7.2 million were posted for drilling two exploration wells and well workovers planned for South Disouq .
Furthermore, the company posted $2 million for development wells in Meseda and $2 million for up to ten workovers in North West Gemsa expecting that it will exit the concession during 2020.