SDX Energy provides update on drilling operations in Egypt
- SD-6X in Egypt not found to be commercially viable; results being analysed.
- SD-12X in Egypt expected to spud in the next two to three weeks, targeting 33 bcfe and not anticipated to have any technical read across from SD-6X.
South Disouq (SDX Working Interest 55% and operator): The SD-6X (Salah) exploration well at South Disouq, Egypt has been drilled to a total depth of 3,167 meters. The well encountered 1.7 meters of net gas bearing sand in the Kafr El Sheikh Formation (average porosity 34%), 1.0 meter of net gas bearing sand in the Abu-Madi Formation which has 143 meters of high quality net reservoir (average porosity 24%) and 258 meters of high quality net reservoir in the Qawasim Formation (average porosity 20%). The gas sands in both the Kafr El Sheikh and Abu Madi were deemed to be sub-economic and the Qawasim has low gas saturation. The thinner than expected gas columns in SD-6X encountered is attributable to the absence of a sealing mechanism in the stratigraphic traps being targeted by the well. The well results are currently being analysed.
The rig will now move to the site of the next drilling location on the South Disouq licence, the SD-12X (Sobhi) exploration well, which is to the north and structurally updip of the Ibn Yunus discovery and the SD-6X well.
The result of SD-6X is not anticipated to have any technical read across to SD-12X which is targeting a management estimate of 33 bcfe and which is expected to spud in the next two to three weeks.
Mark Reid, CEO of SDX, commented: ‘After the SD-6X well in Egypt, we can look forward to spudding the SD-12X well in the weeks ahead, where there is no expected technical read across from SD-6X.’