SDX Energy Makes Gas Discovery at Moroccan Well
North Africa focused oil and gas company, SDX Energy Inc, has made a gas discovery at its ONZ-7 development well, located on the Sebou permit in Morocco.
Drilled to a total depth of 1,167 metres, the ONZ-7 well encountered five meters of net conventional natural gas pay in the Hoot formation. Reservoir quality at the well exceeded initial expectations, SDX stated, encountering porosity in the pay section of 35.3 percent.
The well will now be completed, tested and connected to existing infrastructure. SDX expects to provide a further update on testing results in early February.
"We are very excited to be able to announce another discovery, the fourth from five wells drilled to date in our nine well Moroccan campaign,” Paul Welch, president and CEO of SDX, said in a company statement.
“For this well we used our own high-resolution 3D seismic data, as we have for the other successful wells and as we will for the remainder of the campaign. We look forward to updating all our stakeholders on the progress of our KSS-2 prospect, the next well to be drilled,” he added.
Oil and gas analysts at GMP FirstEnergy said market reaction to SDX’s latest well result was good.
SDX has a 75 percent working interest in the Sebou concession.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension