SDX Energy Incorporation announced plans to maintain 2017 production rates from North West Gemsa during 2018, standing at 4,422 barrel of oil equivalent per day (boe/d), Egypt Oil & Gas reports.
The company’s strategy to achieve its output target includes drilling two new wells, AASE-25 and AASE-27, as well as undertaking seven well workovers.
The seven workovers are expected to cost SDX gross $1.7 million, while the gross cost of drilling the two wells, in addition to their processing facility tie-ins, is expected to reach $6.6 million.
Meanwhile, SDX plans to drill four wells in South Disouq Concession during the first half of 2018, with gross capex estimated at around $12 million. The four wells are divided into two exploration wells, Ibn Yunus-1X and Kelvin-1X, and two development wells, SD-4X and SD-3X.
The international firm will further drill four wells in Meseda Concession during 2018, of which two wells are aimed to develop the Rabul discoveries, Rabul-3 and Rabul-4, while the other two wells are set to maintain output in the wider Meseda area, Infill Producer-1 and Infill Producer-2.