SDX Energy seeks rig for development drilling at South Ramadan
SDX Energy has issued an update on operations at the South Ramadan concession in the Gulf of Suez offshore Egypt.
The partners have completed the final sub-surface technical work in connection with an evaluation of development options.
They have opted to drill a development well up-dip of one of the previous producing wells on the field. Depending on rig availability, this will be drilled either early in the current quarter or late in 3Q 2018.
Total cost of the 2018 program will be around $23.5 million including platform remediation work and a well workover (both dependent on a success outcome of the development well).