SDX Energy Inc., the North Africa focused oil and gas company, said one of its Sebou permit wells in Morocco, part of a nine-well drilling programme, is producing higher than anticipated gas levels during the testing phase.
The KSR-14 well on the Sebou permit in Morocco was tested and recorded an average flow rate conventional natural gas into the sales line of 6.4MMscfd, SDX Energy said in a statement.
The well, in which the company holds a 75 per cent working interest, will remain on production for an extended period prior to being shut in for a pressure build-up as part of the year-end reserve estimate process.
"This is further positive newsflow from our active Moroccan drilling campaign,” said Paul Welch, President and CEO of SDX. “In particular, the KSR-14 test results are ahead of our internal expectations, especially in light of the fact that we are only flowing from the Hoot sand, as opposed to both the Hoot and Guebbas. Despite this, the well still managed to produce at a rate that would allow it to meet our entire daily sales commitment by itself.”
Welch said the results increase the company’s confidence in reliably increasing production rates to meet additional customer demands based upon the results of the current program and target an increase in sales volumes by 50 per cent in 2018.
Meanwhile, at its KSR-15 development well, also on the Sebou permit in Morocco with a 75 per cent working interest, the completion equipment has been run and connection to the nearby infrastructure is now underway, SDX Energy said. Completion of the well is expected to occur within three weeks of rig departure with flow testing targeted for early December 2017. The rig move to the next location, KSR-16, has begun.
The KSR-14 and KSR-15 are the first two wells of a nine well drilling programme on the company's Sebou, Gharb Centre and Lalla Mimouna permits in Morocco.
On the Gharb Centre exploration permit, the seismic tender for 240km2 of new 3D seismic has been completed and the contract awarded to CGG. The seismic acquisition is expected to start at the end of second quarter 2018, it said.
"Overall, we are moving forward with the campaign apace and are pleased with the progress to date. We look forward to providing further updates in due course,” Welch added.