SDX Energy has begun a drilling campaign in 12 wells in the Gharb Basin acreage in Morocco, according to Pipeline Oil and Gas Magazine.
The first seven wells, located at Sebou and Gharb center, are lower-risk appraisal wells that target the prospects close to existing infrastructure. These wells can be tied in quickly with a low cost.
“SDX is pleased to announce the start of its drilling campaign in Morocco. The 12 wells have three key objectives. The first objective is to drill seven lower risk wells in our existing core producing area,” Mark Reid, CFO and interim CEO of SDX, said.
The other two exploration wells target prospects similar to the discoveries made in Sebou and Gharb center. These two wells have higher risk because this part of the concession has not been tested yet.
The final three wells target larger prospects in deeper and unproven horizons; thus, they are higher-risk exploration wells.
“Our second objective is to drill two step-out exploration wells to the north of our core production area which, if successful, would open up new, target-rich acreage for future drilling. The final objective of the campaign is to test larger but higher-risk prospects in the Lalla Mimouna Nord concession,” Reid added, noting that “We expect the campaign to complete in Q1 2020 and we look forward to updating the market on progress in due course.”