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Tag: South Ramadan
south_ramadan

Pico hits oil pay in South Ramadan concession offshore Egypt

Posted: January 14, 2019 at 1:01 pm   /   Oil & Gas

Pico Oil has encountered oil pay at its well located in the South Ramadan concession offshore Egypt. The South Ramadan Concession is located offshore in the Gulf of Suez. SDX Energy is a 12.75% equity owner in the concession with Pico holding 37.5% and operatorship and GPC holding the remaining 50%. SDX Energy said on […]

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SDX spuds South Ramadan SRM-3 appraisal well offshore Egypt

Posted: June 17, 2018 at 6:41 pm   /   Oil & Gas

South Ramadan commitment well under way offshore Egypt SDX Energy says drilling has started on the SRM-3 appraisal well in the Gulf of Suez offshore Egypt (SDX 12.75% non-operated interest). SRM-3, the last remaining commitment well on the South Ramadan concession, should take up to 90 days to drill and complete. Based on the results, SDX said […]

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SDX and partners commit to drilling at South Ramadan offshore Egypt

Posted: May 21, 2018 at 3:53 pm   /   Oil & Gas

An appraisal well will spud by mid-year on the South Ramadan license in the Gulf of Suez offshore Egypt, according to partner SDX Energy. This will be up-dip from one of the previous producing wells in the field. Total cost of the work program this year will be around $23.5 million, including some platform remediation […]

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SDX Energy seeks rig for development drilling at South Ramadan

Posted: April 3, 2018 at 3:18 pm   /   Oil & Gas

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 […]

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SDX assessing commercial potential of South Ramadan concession in Egypt

Posted: November 23, 2017 at 4:36 pm   /   Oil & Gas

SDX Energy expects to soon conclude a commercial evaluation of the South Ramadan development concession in the Gulf of Suez offshore Egypt. It follows approval this summer of an extension to the drilling commitment by the General Petroleum Co. until October 2018. SDX has assessed the prospectivity of the area and completed development plans. Once […]

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SDX completes work-over programs in Egypt, attributes profit rise to Circle Oil acquisition

Posted: November 22, 2017 at 4:24 pm   /   Oil & Gas

SDX Energy announced completing a number of projects in Egypt during 3Q2017. The company concluded a twelve-well work-over program at North West Gemsa, which should allow it to achieve its 5,000 boepd target for the year, in addition to finalizing the expansion of a processing facility at its Meseda project by increasing treatment capacity to […]

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SDX Energy provides Q2 2017 update on Egypt operations

Posted: August 26, 2017 at 12:49 pm   /   Oil & Gas

SDX Energy, the North Africa focused oil and gas company, has announced its operating results for the three and six months ended June 30, 2017. Operational Highlights The Company’s share of production from its operations for the six months ended June 30, 2017 was 3,351 boepd analysed as follows; North West Gemsa 2,170 boepd Meseda […]

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SDX to exit South Ramadan, switch focus to South Disouq in Egypt

Posted: July 30, 2017 at 6:05 pm   /   Oil & Gas

AIM-listed player to relinquish South Ramadan asset as it concentrates efforts on South Disouq development. SDX Energy is letting go of an offshore asset in Egypt as the UK-based player looks to concentrate capital in the country on a fast-track gas development in the north. The AIM-listed company held talks this week with its partners […]

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SDX announces Q12017 financial & operating results, sets out North African growth plans

Posted: May 24, 2017 at 4:43 pm   /   Oil & Gas

SDX Energy reported income of US$26.9 million for the first quarter of the year, although this was largely based on its acquisition of Circle Oil’s Egyptian and Moroccan businesses, which provided a US$29.5 million gain. Netbacks from production for the period, meanwhile, were US$6.1 million, generating US$3.1 million of net cash. Setting out its results […]

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SDX Energy assessing next move in Egypt's South Ramadan offshore block

Posted: May 23, 2017 at 5:04 pm   /   Oil & Gas

SDX Energy has completed a review of the prospectivity in the South Ramadan development concession in the Gulf of Suez, offshore Egypt. The company has begun evaluating the project economics, and has asked the government for an extension in order to fulfill its drilling commitment. Any drilling would occur most likely in 2018. In March […]

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