SDX, Sino Tharwa Sign New Rig Contract

SDX, Sino Tharwa Sign New Rig Contract

SDX Energy Company signed a new rig contract with for Sino-Tharwa Drilling Company Sino-Tharwa for the latter’s ST-6 rig to operate in Ibn Yunus-1X exploration well at South Disouq, Egypt, Egypt Oil & Gas reports.

The rig being currently drilled in a location in the Western Desert by another operator, and is expected to be released late February 2018 to move to the Ibn Yunus field and be spud by mid-March.

Upon completing work at Ibn Yunus, the ST-6 rig will be mobilized to the SD-1X discovery to drill two appraisal wells, and then it will move to the Kelvin-1X exploration prospect.

Ibn Yunus-1X’s operations are expected to take from 30 to 40 days and will target “the same Abu Madi conventional natural gas bearing intervals that were discovered in the SD-1X well in April 2017,” the company announced.

“We are pleased to have secured a drilling rig for our upcoming drilling campaign in Egypt, which is set to commence in March. The Ibn Yunus-1X and Kelvin-1X wells are targeting up to 150 billion cubic feet (bcf) and, if successful, will be tied back to the SD-1X processing facility,” stated Paul Welch, President and CEO of SDX.

“Following our discovery at Rabul 2 in October 2017, we plan to drill two development wells on the West Gharib concession this year, as we believe the license holds significant development potential and further upside for all our stakeholders. We look forward to updating our shareholders on our exciting drilling campaigns in both Egypt and Morocco in due course,” Welch added.

Sarah Samir 3055 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password