SDX Energy, the North Africa focused exploration and production company said it has discovered gas at its KSR-14 development well on the Sebou permit in Morocco.
The KSR-14 well in the permit in which SDX has a 75 per cent working interest, was drilled to a total depth of 1830 meters and encountered 20 meters of net conventional natural gas pay in the Guebbas and Hoot formations over 4 intervals, SDX said in a statement.
The initial results have exceeded pre-drill estimates, and work is currently underway to further evaluate the well’s accurate recoverable volume estimate. Once the drilling rig has left the location, the company expects that the well will be connected to the existing infrastructure and produced. The well is anticipated to be in production in approximately 30 days.
This result follows the company’s recent oil discovery at the West Gharib Concession in Egypt and demonstrates the real momentum developing across its portfolio, Paul Welch, President and CEO of SDX said.
“This outcome in Morocco is an excellent start to our nine well programme, where we are targeting an increase in our local gas sales volumes in Morocco by up to 50 per cent. I look forward to reporting on the flow rates from today’s KSR-14 discovery and last week’s Rabul 2 discovery in the near term along with updating our shareholders on further progress on our South Disouq Development activities in due course,” Welch said.