SDX Energy Inc. has announced that the Al Amir SE-23 (AASE-23) development well in North West Gemsa, has come across substantial oil bearing reservoir sections in both the Kareem Rahmi and Shagar formations in Egypt.

The well was spud to a depth of 9,900 ft where both the Shagar and Rahmi oil reservoirs were found.  Studies points out 23 ft of net Shagar oil pay and 28 feet of net Rahmi oil pay.  The well was concluded as an oil producing well in the Shagar and has flowed on 42.2 API (light crude) oil at a rate of 3,860 bopd with 2.55 Mmscfd of associated gas. 

The North West Gemsa concession is situated onshore on the west side of the Gulf of Suez, about 300 km southeast of Cairo. Two main oil fields; the Al Amir SE field along with the Al Ola extension to the south and the Geyad field to the north are currently producing light oil. 

SDX has a 10% working interest in the North West Gemsa Concession. Its current net production in Egypt are; 1,666 boepd with 903 boepd net from NW Gemsa and 763 bopd net from Meseda.

“Drilling costs for the AASE-23 were down by 30%, on a comparative basis with previous wells, making this well both a technical and also commercial success. The AASE-23 is the first of two development wells to be drilled in the field this year. The drilling rig has now moved to the next location (AASE-24) and we anticipate drilling to commence in the next few days. The results of these two development wells combined with a 5 well work-over program will allow us to maintain production at these increased rates for the remainder of 2016. Field production is currently 7,535 Bopd and 8.9 MMscfd,” Paul Welch (photo), CEO of SDX Energy told Your Oil and Gas News.

Anita Fatunji