SDX Energy reveals another new discovery onshore Egypt

The impressive run of positive well results has continued, this time with a heavy oil discovery in the Rabul 4 well at the West Gharib project

Photo: via FinancialTribune

 

SDX Energy Inc has announced another new discovery, in the Rabul 4 Well in Egypt’s West Gharib concession. The well was drilled down to 5,250 feet and encountered 43 feet of net heavy oil pay, across the Yusr and Bakr formations. The company said the average porosity measured 16%.

Although analysis of the discovery is ongoing, the company expects to complete the well as a producer and it will be connected to nearby infrastructure. Drilling operations in Egypt move to the Meseda field for two new development wells.

“We are pleased with the result at Rabul 4, which completes the initial development of the structure that we discovered in October of 2017,” said Paul Welch, SDX chief executive. “The four successful wells drilled to date in the Rabul structure will contribute significantly to our production volumes in 2018.

“The Rabul 5 well was recently put on production, using an ESP completion, and came on at just over 2,000 barrels of oil per day from the Bakr sand.  “The development activity in the Rabul area has been both rapid and successful for SDX and our partners and we are now looking forward to drilling the two development locations in Meseda which we believe will also be significant contributors to our production growth in 2018.”

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