SDX Energy Inc. has announced that following the signing of a contract for the seismic acquisition of 300km2 of 3D data on November 10, 2015, it has commenced a 3D seismic program on its South Disouq concession located onshore Nile Delta Egypt.  

According to the company, the seismic program is estimated to last for about three months prior to the commencement of a 3 to 4 month period processing and interpretation. Data acquired is to be used to define the prospectivity of the block after which the choosing of a location for a high impact exploration well projection will be spud in Q4 of 2016.

“We are pleased to report that this programme is underway and look forward to receiving the high quality data-set that it will generate. This data will be used by our technical team to quantify the block potential and then to identify a location for our high impact exploration well, which we are anticipating will be drilled towards the end of this year. For SDX this concession contains company-making potential with a Mean gross resource estimate currently being 526 BCF. We believe the 3D seismic will significantly de-risk the potential of the block based upon the success our peers have seen within this prolific Abu Madi-Baltim trend where our acreage is located,” Paul Welch, CEO of SDX told Energy Egypt.

He added that 2016 represents a very active and potentially transformational period for the company with the two significant catalysts of the Manatee-1 exploration well in Cameroon, where it is currently waiting for results in late March or early April as well as the drilling of the South Disouq well in Q4 of 2016.

Anita Fatunji