SDX Energy to Drill Three Wells in Egypt
Sunday, 2nd February 2020
SDX Energy Plc announced on January 28 that it plans to commence drilling three new wells at South Disouq and West Gharib concessions, according to the company’s statement.
SDX is going to drill two wells at South Disouq concession, in which it holds 55% working interest. The first exploration well, Salah, will be drilled in mid/late of February and is expected to be completed in April. In addition to that, the company has estimated that the well will have around 71 billion cubic feet of equivalent (bcfe) of natural gas.
The second well, Sobhi, is anticipated to be drilled in late April/early May and completed in early June. SDX is targeting to reach approximately 33 bcfe of natural gas.
Furthermore, SDX is planning to drill a third well at the West Gharib concession, where it holds 50% working interest, in early February. This appraisal well will be drilled in the Rabul area. If successful, the well is anticipated to hold about 200-300 barrels per day of oil (bbl/d).
El Molla Reviews Natural Gas Delivery in Port Said
Tuesday, 28th January 2020
The Minister of Petroleum and Mineral Resources, Tarek El Molla, followed up on the updates of delivering natural gas to the housing units in Port said during his visit to the city.
El Molla launches Two New Oil Tankers
Monday, 27th January 2020
The Minister of Petroleum and Mineral Resources, Tarek El Molla, accompanied by Adel El-Ghadban, Port Said's Governor, launched two new oil tankers (Egypt 2,3) to supply ships with fuel in the Port Said Port, with investments estimated at $14 million in favor of Misr Petroleum company.
El Molla Inaugurates First Integrated Fuel Station
Sunday, 26th January 2020
The Minister of Petroleum and Mineral resources, Tarek El Molla, inaugurated the first integrated fuel station for supplying fuel, natural gas and electricity at Port Said city, in the presence of the Minster of Youth and Sports, Ashraf Sobhy, and the Governor of Port Said, Adel Ghadban.
SDX Expects Production to Exceed 68-74% in 2020
Thursday, 23rd January 2020
SDX Energy, the Middle East and North Africa (MENA)-focused oil and gas company, announced that it expects its production to reach 6,750 -7,000 barrels of oil equivalent per day (boe/d) in 2020.