24th Jan 2022 11:40
SDX Energy PLC - London-based oil and gas company with projects in Egypt and Morocco - Announces the spudding of MSD-25 infill development well in Egypt. This well is the second in a fully-funded 12 well development campaign on the Meseda and Rabul oil fields in the West Gharib concession where SDX Energy holds a 50% non-operating interest. The development drilling campaign is aimed at growing production from current gross rates of 2,100 barrels of oil per day to between 3,500 to 4,000 barrels of oil per day by early 2023. It is estimated that the well will take around six weeks to drill, complete and tie-in to the existing infrastructure.
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By Heather Rydings; [email protected]
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