SDX Morocco Gas Well Beats Expectations
North Africa-focused SDX Energy said November 20 its KSR-14 development well on the Sebou permit in Morocco was producing gas at a better rate than expected, even though it is flowing from just the Hoot sand, without gas from Guebbas. SDX is now preparing to drill the second well in the Sebou, Gharb Centre and Lalla Mimouna permits, KSR-15, which made a discovery last week.
KSR-14 was flowing at an average daily rate of 6.4mn ft³/day and the gas will flow now for an extended period until it is shut in for the year-end estimate process.
CEO Paul Welch said: "The KSR-14 test results are ahead of our internal expectations," and it managed to produce at a rate that would allow it to meet all of SDX's daily sales commitment by itself. "This increases our confidence that we can reliably increase our production rates to meet additional customer demands based upon the results of the current program as we target an increase in our sales volumes by 50% in 2018," he said.
KSR-15 is ready to be linked to the nearby infrastructure and c0mpletion is expected to occur within three weeks of rig departure with flow testing targeted for early December 2017. The rig is moving now to the next location, KSR-16. In all it plans nine wells in this programme.
On the Gharb Centre exploration permit, the seismic tender for 240km2 of new 3D seismic has been completed and the contract awarded to CGG. The seismic acquisition is expected to commence at the end of Q2 2018.
(Credit: SDX)
William Powell