SDX Energy says Morocco well results extend core productive area north
SDX Energy Plc, London, said its BMK-1 well in Morocco encountered commercial quantities of gas in both target horizons and confirms the core productive area extends north.
BMK-1 reached depth of 1,551 m. The Upper Guebbas was encountered at a measured depth of 1,190 m, while the Lower Guebbas was penetrated at a measured depth of 1,475 m. Using measurement while drilling tools, management estimates well encountered a total of 0.9 bcf of gas in the Upper and Lower Guebbas targets, in line with pre-drill estimates. Due to down-hole issues, only the Upper target was wireline logged and will be completed. Management estimates that the Upper target has some 0.4 bcf of recoverable gas and that the gas in the Lower target will be recoverable during the development of the new play fairway de-risked by the OYF-2 and BMK-1 wells (OGJ Online, Jan. 29, 2020).
The two wells, together with existing 3D seismic over the area, de-risk up to 20 bcf of P50 close-by prospective resources for future drilling of which some 10 bcf is located in and around BMK-1, the company said. The rig now moves to Lalla Mimouna concession to drill the LMS-2 well.
With the drilling of this 10th well, the company will have fulfilled the objectives of the campaign. Given that the last two planned wells would not have been immediately tied into the company's infrastructure or contributed cash flows in the near term, the company has decided to preserve its capital and postpone these last two wells for a future campaign (OGJ Online, Oct. 25, 2019).
In Egypt, the SD-6X well at South Disouq was not found to be commercially viable. SD-6X was drilled to total depth of 3,167 m. The well encountered 1.7 m of net gas bearing sand in the Kafr El Sheikh formation (average porosity 34%), 1 m of net gas bearing sand in the Abu‐Madi formation which has 143 m of high quality net reservoir (average porosity 24%), and 258 m of high quality net reservoir in the Qawasim formation (average porosity 20%).
The gas sands in both the Kafr El Sheikh and Abu Madi were deemed to be sub-economic and the Qawasim has low gas saturation. The thinner than expected gas columns in SD-6X encountered is attributable to the absence of a sealing mechanism in the stratigraphic traps being targeted by the well. Results are being analyzed.
The SD-12X exploration well, which is to the north and structurally updip of the Ibn Yunus discovery and the SD-6X well, is expected to be spudded in the next 2-3 weeks, targeting 33 bcfe. It is not anticipated to have any technical read across from SD-6X.