SDX Energy aims to start producing gas at the South Disouq concession, in which the company has a 55% interest, by mid-2019 at a gross plateau output between 50 and 60 million standard cubic feet per day (mmscf/d), Egypt Oil & Gas reports.
The company said in a press release that South Disouq will sell its natural gas to the Egyptian Natural Gas Holding Company (EGAS) at a price of $2.85 per 1,000 cubic feet.
SDX Energy further targets to boost the gross production average from Meseda concession, in which it works with 50% of working interest, to reach between 4,000 and 4,200 barrels per day (b/d) in 2019. Moreover, the average production from North West Gemsa, in which it owns 50% of working interest, is aimed to reach between 3,400 and 3,600 barrels of oil equivalent per day (boe/d) in 2019.
In South Ramadan, in which the company owns 12.75% of working interest, SDX will continue to review the technical data from the recently announced results of SRM-3 well and then will provide updates in due course.
During the first half of 2019, the company plans to complete establishing the 10 km export pipeline, the central processing facility, and the tie-ins for the above North West Gemsa; Meseda; and South Disoup discoveries as well as the initial SD-1X discovery well, which was drilled in 2017.