SDX recorded 50-51 million standard cubic feet equivalent per day (mmscfe/d) from its South Disouq concession by the end of September exceeding production guidance for 2020 of 47-49 mmscfe/d, according to a statement.
SD-12X well located in South Disouq will be connected to the company’s gas processing plant via a 5.8 kilometer (km) flow line to the Ibn Yunus-1X well location. Production is expected to begin in Q1 2021 and to produce at a stabilized rate of 10-12 million standard cubic feet per day (mmscd/d) when connected. Additionally, SDX still awaits the ministerial and parliamentary approval of the two-year extension to the South Disouq exploration area. Upon approval, the company plans to accelerate its drilling campaign to Q2/Q3 2021 from late 2021/early 2022.
Mark Reid, SDX’s CEO, commented that “we [SDX] have continued to perform strongly in the second half of 2020 despite challenging global conditions. Production is ahead of guidance; we have a healthy cash and liquidity position; and we now plan to accelerate an exciting and potentially transformational drilling campaign in South Disouq into Q2/Q3 2021.”
As for West Gharb’s concession, the company’s production amounted to 3,300-3,325 barrels of oil per day (bbl/d) by September 30 exceeding the original 3,200-3,300 bbl/d. The newly added South Ramadan concession has been put on production on May 13 and produced about 390 – 400 bbl/d.