SDX Energy, the North Africa focused oil and gas company, said it has started production from the KSR-16 well on the onshore Sebou permit in Morocco with estimate-beating flow rates.
The well yielded a restricted average flow rate of conventional natural gas into the sales line of 8.43 MMscfd (million standard cubic feet per day), SDX Energy said in a statement.
"This positive result on KSR-16 again exceeds our expectations for flow rates. It is the highest flow rate of the three successful wells drilled to date and we now have three wells that exceed our existing daily commitments of 6 MMscfd on a stand-alone basis,” Paul Welch, president and CEO of SDX said.
“We are actively working towards connecting new customers to our existing infrastructure and are now very confident that we can deliver on our forecast gas sales rates of 10-11 MMscfd in 2018.”
Earlier in January, SDX said it was granted a four-month extension to its Lalla Mimouna permit, through to July 22, 2018, allowing it sufficient time to evaluate the results of its upcoming exploration drilling campaign on the permit, which is expected to take place in March 2018.
Meanwhile, its ELQ-1 well in the Gharb Centre permit was drilled to a total depth of 1484 meters and has encountered 22.6 net meters of reservoir interval and two meters of marginal net conventional gas pay, in the Hoot formation, said the exploration and production company, adding that the intervals are considered to be commercially insufficiently to complete the well.
The well will be plugged and abandoned.
The drilling rig form the location is now in the process of completing the move to the ONZ-7 location and the next well is anticipated to spud prior to the week end, SDX said.