SDX Energy in its operational update on activities at its South Disouq and Meseda concessions in Egypt announced that the initial evaluation of the 3D seismic data at the concession was positive and identified potentials for both oil and gas bearing prospects.

According to the company, additional interpretation of the data has shown several Abu Madi and Kafr El Sheikh prospects exhibiting strong responses. These responses have made SDX evaluate several prospects for drilling in the near term and have also allowed SDX and its partners to accomplish the planned goal of the 3D seismic acquisition program.

SDX and its partner have now agreed on the target and location for drilling the carried exploration well, pointed out during the interpretation of data. A team has been engaged to provide technical assistance on the well, with drilling scheduled to begin by early Q1 of 2017.
The Company says it has received inquiries from a number of operators about farm-in into the licence and it has agreed to let a number of companies submit proposals to acquire an interest in the concession.

Meanwhile, at Meseda, the company has completed the final design work on the Electrical Submersible Pump (ESP) program, which it embark on after concluding the field’s review in May 2016. SDX is now finalizing its technical review of the Meseda facility and plans to acquire equipment needed to increase the capacity of the central production facility, allowing it to significantly increase net production from the concession, Energy-pedia reports.

“The update on South Disouq marks an important step for the Company, as we move out of the analysis phase of our work programme and into drilling phase. At Meseda, we are excited to have the majority of the technical work completed and look forward to moving into the implementation phase in the near term in order to maximize the field's full potential,” Paul Welch (photo), CEO of SDX Energy, said.

Anita Fatunji