North Africa focused oil and gas firm SDX Energy Inc. revealed Thursday that it expects an exploration well to be spud on the South Disouq asset, located within Egypt, shortly after the end of this month.
Following the recent interpretation of 3D seismic data at South Disouq, and the subsequent identification of oil and gas bearing prospects, SDX and its partner have agreed on the location for drilling the exploration well, as announced Nov. 14, 2016.
SDX has confirmed that Zenith Energy, the Aberdeen based well engineering consultancy, has been appointed to provide technical assistance for the drilling operations. In addition to working with Zenith Energy, SDX has signed a Letter of Intent with Sino Tharwa Drilling Company, which will supply the Sino-Tharwa 6 rig at South Disouq. The rig is due to arrive late February 2017 with the carried exploration well being spud “shortly thereafter,” according to a company statement.
"Today’s announcement highlights that we are entering an exciting period for the company as we move into the drilling phase of our work program at South Disouq,” Paul Welch, CEO of SDX Energy, said.
“Solid operational progress was made throughout 2016 and we have continued to build on this momentum in order develop the exploration potential of the concession, as evidenced by the signing of an LOI with Sino Tharwa and the appointment of Zenith Energy,” he added.
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