SDX Energy Corporation has announced making a new oil discovery at the Rabul 5 well, Egypt Oil & Gas reports.
The well is located in Egypt’s West Gharib concession in which SDX has a 50% work interest and joint operation.
The Rabul 5 well was drilled to a depth of 5,280 feet. The well had around 151 feet of net heavy oil pay at the Bakr and Yusr formations, and has an 18% average porosity.
The company is currently evaluating the new discovery after which it expects the well to be finalized a producer and to be connected to the central processing facilities at Meseda.
“We are pleased to continue our recent run of drilling success with this oil discovery at Rabul 5,” stated SDX President and CEO, Paul Welch.
“This well encountered the thickest section of pay sands seen in the Rabul area to date, demonstrating the significant oil potential contained within the license. We have further drilling activity planned for the concession over the coming months and we firmly believe that these activities will enable us to increase output from the license and achieve our ambitious production plans for 2018,” he added.