SDX Energy Inc. has completed the acquisition of some 300 square km of 3D data on the South Disouq asset, located onshore the Nile Delta in Egypt, “safely, under budget, and ahead of the anticipated schedule,” reported RigZone.
The initial data set from the seismic survey is of “good quality” and “clearly indicates the presence of the prolific Abu Madi trend within the block,” along which large discoveries have been made in recent years, according to a company statement.
Data processing is now expected to last for around three months. It is expected that the data, once complete, will inform the selection of a well location. Drilling could subsequently get underway in late 2016, informed Proactive Investors.
The concession area contains a gross resource estimate of 526bcf of gas. SDX has a 55% equity in the asset.
SDX’s seismic survey commenced in March and was initially expected to take between three and four months to complete, according to E&P.