SDX company announced the spudding of the Hanut-1 exploration well “HA- 1X” in South Disouq as a part of the Company’s 2021 drilling campaign after the successful drilling of IY-2 well announced in July, a press release issued by the company reported.
SDX elaborated that the Hanut prospect is estimated to contain gross unrisked mean recoverable volume of 139 billion cubic feet (bcf) with a 33% chance of success.
It added that the well is expected to complete drilling within a month.
Mark Reid, CEO of SDX, commented: “After our previous successful campaigns at South Disouq where we have achieved six discoveries from eight wells drilled, most recently at IY-2, I am excited to announce the spudding of the potentially transformational HA-1X exploration well on our Hanut prospect.”
“With gross unrisked mean prospective resources of 139bcf (23.2 million boe) it is significantly larger than previous prospects and has the potential to materially increase the reserves of the Company if successful. We look forward to updating the market further as the well progresses,” Reid added.
