SDX kicks off Egypt SD-5X probe
SDX Energy's latest exploratory campaign in Egypt's Nile Delta got underway March 4 with the launch of the SD-5X probe targeting the Warda prospect.
The well is expected to take three weeks to reach its target depth of around 6,800 ft, it said March 8. SDX announced last month that it planned to sell 33% of the shares in South Disouq's operating company for $5.5mn.
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At SD-5X, SDX Energy hopes to encounter Warda in basal sands across the Ibn Yunus and Sobhi field reservoirs. Warda's gross unrisked P50 reserves (estimated ultimate recovery) have been pegged at 11bn ft3.
SDX calculates the chances of success at Warda at 40%. The probe would be maintained and tied into a central processing facility installed by SDX in 2019, ready to be brought on stream by the end of June 2022.
SD-5X is located in the onshore gas concession South Disouq in northeastern Egypt, home to two gas finds with 62bn ft3 of 2P reserves. Currently, gas is extracted from three wells: SD-1X, SD-3X and sD-4X. A further 10 prospects offer potential upside, with 243bn ft3 in unrisked mean recoverable resources.
The company will drill a further two probes in its South Disouq campaign this year. The second, SD-12 East, is situated in the Sobhi gas field and is due to start mid-April. It will target 7bn ft3 expected ultimate recoverable gross unrisked P50 reserves.
SDX will then start drilling at the Mohsen field in May with the MA-1X probe, targeting 21bn ft3 gross unrisked P50 reserves.
Company CEO Mark Reid said the drilling campaign could extend South Disouq's production life by a further two to three years. "I look forward to updating the market further as the campaign progresses," Reid added.