SDX Energy has announced that its operated South Disouq SD-12X well in Egypt has achieved first gas six weeks ahead of schedule.
Following the success of the SD-12X exploration well in the second quarter of 2020, being a commercial discovery in the Kafr el Sheikh formation, SDX achieved first gas from the well on 21 December 2020.
“I am very pleased to be able to announce a strong end to 2020 and a promising start to 2021 with our SD-12X (Sobhi) well, where we have 100 per cent entitlement interest, coming on stream six weeks ahead of schedule,” Mark Reid, CEO of SDX, said.
SDX said that it estimates that SD-12X has approximately 24 bcf of recoverable resources and can produce at a rate of up to 10-12 MMscf/d. At present, the well is producing at approximately 5-7 MMscf/d and will continue to be monitored to determine its optimum production rate.
“We have started 2021 in a very positive position with an exciting programme of nine wells to be drilled in the year and I expect us to build on the successes of 2020 by discovering more resource and continuing our resilient cash generation,” Reid added.
