SDX Energy has made a gas discovery at its Ibn Yunus-1X exploration onshore well at South Disouq, Egypt.
The Ibn Yunus-1X well was drilled to a total depth of 9,068 feet and encountered 100.8 feet of net conventional natural gas pay in the Abu Madi horizon. The well came with a reservoir section that was of better quality and thicker than pre-drill expectations, the firm said in a statement.
The well will be completed as a producer in the Abu Madi section and then tested. After a successful test, it is anticipated that the well will be connected to the infrastructure located adjacent to the original SDX discovery in the basin, SD-1X, where production start-up is anticipated in the second half of 2018.
Paul Welch, president and CEO of SDX, commented: “We are extremely encouraged with today’s discovery, our second consecutive discovery at South Disouq. This highly positive drilling result further demonstrates the very significant natural gas potential thelicence holds. Combined, these two successful wells confirm our views of the subsurface geology and demonstrate that we are on course to realise the full potential of the licence. We look forward to updating shareholders on future developments at South Disouq in due course.”
SDX Energy is the operator with a 55 per cent working interest.