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Oil & Gas

EGPC grants SDX Energy, PICO preliminary approval to extend drilling in South Ramadan concession

Posted: November 1, 2016 at 1:37 pm   /   by   /   comments (0)

sdxEGPC gave SDX Energy and PICO Petroleum preliminary approvals to extend drilling operations at the South Ramadan concession, SDX Energy’s country director Ahmed Moaz told Al Mal.

The preliminary agreement does not specify a date for the extension and includes the operators spending USD 23 mn in the project.

s-ramadan

Moaz says the operators have not received a formal approval agreement yet, but says they are willing to agree to extending the drilling period terms even if they are just to July 2017, even though they have asked for it to be extended to July 2018.

(Source: Enterprise.press)

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