SDX Ties New Moroccan Well to Sales Line

North Africa-focused explorer SDX has completed the KSR-16 well on the Sebou permit in Morocco (SDX 75% working interest) and tied it into its gas sales line, following restricted average flow rate of of 8.43mn ft³/day. The well has also now been placed on production. The drilling rig is in the process of completing the move to the ONZ-7 site, and this well is anticipated to spud before the week end. 

CEO Paul Welch said January 9: "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 6mn ft³/d on a stand-alone basis. 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 10-11mn ft³/d in 2018."

The rig moving to the ONZ-7 site is fresh from a disappointing well at ELQ-7, which SDX declared uncommercial last week. That was the first duster of a nine-well campaign, after three successes.