SDX Energy PLC expects a commercial gas and condensate discovery at the SD-12X well (Sobhi) at South Disouq, Egypt, will tie back to an existing gas processing plant in 2021.
The SD-12X well reached 7,245 ft MD, encountering top of Kafr El Sheikh (KES) sands at 6,506 ft MD. A net 108 ft of high-quality gas-bearing sands were found near the base of the KES formation with an average porosity of 20%, representing about 24 bcfe gross recoverable gas and condensate resources by management’s estimates, in excess of the minimum commercial volume of about 8 bcfe. The drilling rig is completing the well and preparing for testing in the coming weeks.
A 5.8-km tie-in to the Ibn Yunus-1X location is expected to move Sobhi production through an existing flow line connected to the South Disouq central processing facility. The discovered resources potentially require only one further development well, perhaps not necessary for another 2-3 years, the company said.
SDX Energy PLC has 100% working interest in the well and 55% interest in the South Disouq exploration permit.
