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SDX Energy make commercial oil discovery on Sobhi Well

09/04/2020
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SDX Energy plc have announced a commercial discovery at the onshore Sobhi well in the South Disouq Exploration Permit in Egypt’s Nile Delta.

SDX Energy announced a new onshore discovery on Egypt's Nile Delta
(Image via SDX Energy)

The well is 100% owned by SDX Energy - a London based international oil and gas exploration, production and development company with a principal focus on the Middle East and North Africa. 

The company drilled to a measured depth of 7,245 feet at the base of the Kafr El Sheikh formation and encountered 108 feet net of high-quality gas-bearing sands. It’s thought that the discovery could yield approximately 24 billion cubic feet equivalent of recoverable gas and condensate resources.

Further testing will be undertaken in the coming weeks, following completion of the well. SDX expect the well will be tied to the Ibn Yunus-1X location where an existing flow-line connects to the South Disouq Central Processing Facility. The 5.8km tie in would cost an estimated $3.5 million and is expected for 2021. 

A further development well is also expected to be drilled in the next 2-3 years. 

“This is an excellent result for SDX and fully justifies our confidence to drill this well on a sole risk basis,” said SDX CEO Mark Reid in a statement.

“The Sobhi discovery has the potential to extend the current South Disouq plateau production of 50 MMscfepd through to 2023/24 with a low-cost tie in, utilizing the existing gas processing plant. We look forwarding to updating the market further following the testing of the well.”

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SDX Energy make commercial oil discovery on Sobhi Well - Time to read 2 min
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