SDX Energy launches Morocco drilling plan

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2001
SDX Energy launches Morocco drilling plan

SDX Energy, a MENA-focused, international oil and gas exploration, production has begun drilling in Morocco. Mark Reid, CEO of SDX confirmed the report and said that the project is part of 2021 drilling campaign targeting five wells this year in pursuit of meeting local gas demand in the country.

The commencement of this campaign has been delayed by one month due to covid-19 related travel restrictions delaying the mobilisation of equipment and personnel into Morocco.

“I am pleased to announce that the company has commenced its 2021 drilling activities of up to eleven wells across our portfolio of assets with the spud of the OYF-3 appraisal/development well in Morocco. This is the first of three wells to be drilled in the coming months with a further two planned for later in the year,” said Mark Reid.

The first phase of the Morocco drilling campaign will consist of three appraisal/development wells, which management estimates will target a total of 1.3 billion ft3 of P90/1.8 billion ft3 of P50, gross unrisked prospective recoverable resources, in its operated Gharb Basin acreage in Morocco (SDX: 75% working interest).

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Target details

The first well, OYF-3, is targeting the Guebbas reservoir at approximately 1160 m, while the second KSR-17, targets the Hoot reservoir at approximately 1720 m. The third well, KSR-18, is a dual target well, with the first in the Guebbas reservoir at 1600 m and the second in the Hoot reservoir at around 1790 m.

All three wells are looking to encounter shallow, biogenic gas accumulations near to the company’s existing infrastructure, thus enabling tie-ins to be completed quickly and at low cost. The company will utilise the drilling rig that is already stacked in its yard in Morocco, thereby incurring minimal mobilisation cost.

Phase two works will commence in September this year. The company’s Egyptian drilling activities are expected to commence in June with the first of four development wells in West Gharib and the start of our very exciting two well campaign in South Disouq where the second well, the Hanut-1X exploration well planned for mid-Q3, will be targeting gross unrisked mean recoverable volumes of 139 billion ft3 with a 33% chance of success.