SDX Energy Corporation announced operational updates in its Egyptian operated wells, Egypt Oil & Gas reports.
The SRM-3 well is located in South Ramadan. the well reached a 15,635-feet depth, encountering around 75 feet of net conventional oil pay in its Matulla section, in addition to 20 feet of the new conventional oil pay in the brown limestone formation and around 15 feet in the Sudr section.
Meanwhile, the development lease application that was submitted by SDX Energy and its partner for the South Discouq concession has been approved by authorities and construction of the central facility and pipeline have started.
“SDX has made considerable headway at South Disouq, and following formal approval from the authorities, the relevant construction work is well underway. We continue to be excited about bringing the asset into production in H1 2019,” said Paul Welch, President & CEO of SDX Energy.