SDX Energy, the North Africa focused oil and gas company, said it has made an oil discovery has in the West Gharib Concession in Egypt.
The well Rabul encountered approximately 101.5 feet of net heavy oil pay across the Yusr and Bakr sand formations, with an average porosity of 20 per cent, the company said in a statement.
Evaluation is ongoing, after which the company expects that the well will be completed as a producer in the Bakr and connected to the central processing facilities at Meseda.
SDX has a 50 per cent working interest and is a joint operator in the concession.
The Rabul 2 well is the last of the commitment wells in the West Gharib concession and was drilled as an offset to the first commitment well Rabul 1, which was drilled in July 2017. Rabul 1 encountered 14.5 feet of net heavy oil pay with an average porosity of 21.2 per cent in the Yusr sands and was subsequently completed as an oil producer in the Yusr sands, SDX said.
“This… reaffirms our view of the area's significant development potential,” said Paul Welch, president and CEO of SDX. “The well came in ahead of expectations, based upon the results of the offset Rabul 1 location. The ultimate potential in this new Bakr structure is currently under review and will be better understood once the well is completed and tested.”
He said the discovery is further evidence of the high activity levels right across the SDX portfolio including the filing of the fast track development plan in South Disouq Egypt. “I look forward to providing further updates shortly on that filing, our development drilling campaign currently underway in Morocco and the production results at our Rabul 2 discovery,” he said.