Home Strategy Business SDX Energy Finds More Gas in Moroccan Exploration Well Than Expected

SDX Energy Finds More Gas in Moroccan Exploration Well Than Expected

Rabat – SDX Energy, a MENA-focused company , has found more gas than expected during a well in northwest Morocco, the corporate announced during a statement on January 28.

The company announced that it drilled the OYF-2 well to a depth of 1,210 meters and located

“Commercial quantities of gas in more than pre-drill estimates.”

SDX said it achieved results beyond expectations because the well reached both the Upper and Lower Guebbas targets in OYF 2, and therefore the “reservoir thickness and quality were better than pre-drill expectations.”

“The Upper Guebbas was encountered at a measured depth of 1,001 meters, while the Lower Guebbas was penetrated at a measured depth of 1,120 meters,” SDX Energy said.

The administration speculated a recoverable gas discovery of 1.3 to 1.9 billion cubic feet.

It will test the wells in February.

The company said it’ll now move to what it calls the BMK-1 location, 11 kilometers to the north of OYF-2

“If successful, [BMK-1] could de-risk variety of comparable close-by prospects,” the corporate said. SDX will drill another well on the brink of its infrastructure and “two other potentially play-opening wells in Lalla Mimouna are going to be drilled to finish the campaign in March.”

Last year, Morocco awarded the oil and gas service two licenses to expand its drilling operations in Moulay Bouchta West and Lalla Mimouna South in northern Morocco, near the coastal city of Larache.

According to SDX, the corporate has operations in five concessions, “all of which are located within the Gharb Basin in northern Morocco.”

The locations are Sebou, Lalla Mimouna North, Gharb Center, Lalla Mimouna South, and Moulay Bouchta West

SDX Energy Finds More Gas in Moroccan Exploration Well Than Expected
UK-based SDX Energy has started a 12-well drilling campaign targeting a mean 15bcf of gross unrisked prospective resources in its operated Gharb Basin acreage in Morocco, during which it holds a 75% working interest.

The first seven wells are located within the company’s core producing concessions at Sebou and Gharb Centre, amd are lower-risk appraisal wells targeting prospects which are on the brink of existing infrastructure. These wells are often tied in quickly, at low cost, and are similar in geological risk to the discoveries already made and producing during this area.

These seven appraisal wells are going to be followed by two step-out exploration wells further to the north in Gharb Centre and out of doors the reach of the company’s existing infrastructure. These two exploration wells are targeting prospects which are almost like the discoveries made in Sebou and Gharb Centre albeit they’re deemed higher risk as this a part of the concession has not been previously tested. Success here could open up this northern area of the concession for extensive follow-on drilling.

The last three wells of the campaign are expected to be higher-risk exploration wells within the Lalla Mimouna Nord concession, targeting larger prospects in deeper, so far unproven, horizons.

In order to optimise operations and reduce costs, SDX has secured a complicated North American rig to scale back drilling time. Furthermore, the corporate will perforate and test successful wells in separate campaigns, with multiple wells tested back to back in each campaign to scale back equipment mobilisation costs. The drilling campaign is predicted to finish in Q1 2020.

“SDX is pleased to announce the beginning of its drilling campaign in Morocco,” said SDX CFO and Interim CEO Mark Reid. “The 12 wells have three key objectives. the primary objective is to drill seven lower risk wells in our existing core producing area. These wells are on the brink of existing infrastructure and can increase reserves for the continued supply of gas to our existing customers.

Our second objective is to drill two step-out exploration wells to the north of our core production area which, if successful, would open up new, target-rich acreage for future drilling. the ultimate objective of the campaign is to check larger but higher-risk prospects within the Lalla Mimouna Nord concession. to try to to this, we decide to drill up to 3 wells, however, if the primary well doesn’t meet our expectations, we may move the rig back to our core producing area and complete the campaign by drilling two further lower-risk, but smaller, prospects to feature additional reserves. We expect the campaign to finish in Q1 2020 and that we anticipate to updating the market on progress in due course.”


.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Airbus jet took off without pilot in control

Airbus without pilot The concept of pilotless commercial jet flight has been bandied about for years. But while the technology...

Boeing reports its first loss in two decades

Boeing has reported its first annual loss in additional than 20 years because the 737 Max crisis continues to hit the firm.

Huawei set for limited role in UK 5G networks

The UK has decided to let Huawei still be utilized in its 5G networks but with restrictions, despite pressure from the US...

SDX Energy Finds More Gas in Moroccan Exploration Well Than Expected

Rabat – SDX Energy, a MENA-focused company , has found more gas than expected during a well in northwest Morocco, the corporate...

Apple credits iPhone 11 demand for record sales

Apple has credited a surge in demand for its iPhone 11 for record sales and profits over the Christmas period.