SDX Energy, an international oil & gas exploration and production company with assets in Egypt and Cameroon, brings a new oil production well at the North West Gemsa concession of Egypt’s Eastern Desert in operation,Proactive Investors reported. The well, Al Amir SE 24, has now been connected to existing facilities and production will begin immediately.
The well was completed as a producer in the Shagar formation and flowed on a test light 43.6 degree API oil at an average rate of 1,714bbl/d with 3.062 mscf/d of associated gas, according to E&P.
It is part of a program comprising of two wells, and nine well work-overs, which are designed to maintain a plateau production rate of 8,000boe/d this year. The well encountered the Shagar and Rahmi oil reservoirs.
“The results of these two development wells combined with a nine-well work-over program, which is currently underway, will allow us to maintain production at a plateau rate of 8,000boe/d for the remainder of 2016,” said Paul Welch, CEO of SDX Energy.
Meanwhile in Egypt, SDX had launched work on the seismic acquisition of 3D data on the South Disouq concession located onshore Nile Delta Egypt, Oil Voice reported.
Previously, the London-based international company announced the admission of its ordinary shares to trading on the AIM market of the London Stock Exchange, wrote Oil Voice.