SDX Hits Output Target in Egypt
North Africa-focused explorer SDX Energy has managed to stabilise production at the South Disouq gas field at a target plateau rate of 50mn ft3/day – three months earlier than expected, it said in a stock filing on December 10.
South Disouq started up operations in early November, with SDX describing the launch as a “transformative” moment for the company, which works in Egypt and Morocco.
“The performance to date of the CPF and the four wells has exceeded our expectations and, with the commencement of our South Disouq drilling campaign in Q1 2020, we are looking forward to an exciting period of activity in this concession,” SDX CEO Mark Reid commented.
South Disouq has four wells which flow gas to a central processing facility. The gas is then sold to Egyptian national gas company Egas at a fixed price of $2.85/1,000 ft3, with Egypt’s government taking a 51% share of the field’s production.