SDX Energy Plc has begun the first phase of three wells of its 2021 drilling campaign in Morocco, targeting five wells over the year, according to SDX’s press release.

SDX company announced that it has received the final approval from the Egyptian authorities to extend its Production Services Agreement for oil production from Meseda and Rabul oil fields in West Gharib concession to ten years until 2031.

SDX Energy Company produced first natural gas at South Disouq SD-12X well in Egypt on 21 December 2020, six weeks ahead of schedule.

SDX company recorded increase in its production by 90% during the first nine month of fiscal year (FY) 2020 after reaching to 6,646 barrel of equivalent per day (boe/d) compared to 3,501 boe in the same period of 2020.

The Ministry of Petroleum and Mineral Resources represented by Egyptian Natural Gas Holding Company (EGAS) approved to extend the agreement of SDX company in South Disouq concession for two years.

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.

SDX’s South Disouq and West Gharib production in H1 2020 exceeded the company’s 2020 guidance with 6,980 barrels of oil equivalent per day (bbloe/d), noting a 97% increase than H1 2019.

SDX Energy company said that gross plateau production at South Disouq is expected to be maintained at 50 million standard cubic feet per day (mmscf/d) for more 18-24 months until mid-2030 with the probability to be extended to mid-2026 depending on the results of planned future exploration drilling.

SDX company announced that its entitlement production recorded 8,061 barrel of equivalent per day (boe/d) which is increased by 117% during the first quarter (Q1) of the fiscal year (FY)2020, compared to 3,715 boe/d produced in Q1 of FY 2019 despite coronavirus outbreak.

SDX company announced a new commercial discovery at Sobhi Well which is located in the South Disouq Exploration Permit onshore Nile Delta saying that the well has encountered 108 feet net of high-quality gas- bearing sands with an average porosity of 20%.