Oil and gas company SDX has discovered oil at its Rabul-7 development well in the West Gharib Concession of Egypt.
SDX acts as the joint operator and holds a 50% working interest, while Dublin International Petroleum holds the remaining 50% interest in the concession.
The Meseda and Rabul fields lie in the 45km² concession situated onshore in the West Gharib blocks G and H, located on the west side of the Gulf of Suez.
The Rabul-7 development well was drilled up to a depth of 5,323ft and encountered two formations Yusr and Bakr, of 134ft of heavy oil pay, at an average porosity of 18%.
According to the company, well production has been measured at a stabilised rate of 415bpd of oil over five days. The well was connected to the central processing facilities at Meseda.
SDX CFO and interim CEO Mark Reid said: “We are pleased to have made an oil discovery at our Rabul-7 well, in the West Gharib Concession and to achieve further drilling success in this area of the Concession.
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By GlobalData“The well was brought online in a timely and cost-efficient manner and will provide further support to our FY 2019 production guidance for this asset of gross 4,000bpd-4,200bpd.
“Another development well is planned for the Concession in H2’19. The final location of this well is dependent on government approvals and we will update the market on this in due course.”
Based in North Africa, SDX is an exploration and production company, with a portfolio of production, development and exploration assets across Egypt and Morocco.
