Oil Egypt accountACCOUNT King Tut

Commencement of Production at South Disouq Concession in Egypt

Source: www.gulfoilandgas.com 11/12/2019, Location: Egypt

Share |
SDX Energy Plc (SDX) is pleased to announce the commencement of production from its operated South Disouq concession (SDX: 55% working interest) in Egypt.

Gas has been flowing through the South Disouq Central Processing Facility (CPF) since 7th November 2019. Each of the four discovery wells have been hooked up to the CPF and tested during this period and have produced at their expected rates of between 8 MMscf/d and 15 MMscf/d.

Over the last three days, the CPF has been operating as expected, achieving an average gross production rate of 23 MMscf/d of gas and 120 bbls/d of condensate, equivalent to approximately 24 MMscfe/d. These initial flow rates are in line with the Company's expectations and testing will continue over the coming weeks, during which time the Company will gradually ramp up production with a view to achieving its targeted plateau gross production rate of 50 MMscfe/d during Q1 2020.

All gas production will be sold to the Egyptian national gas company, EGAS, at a fixed price of US$2.85/Mcf, with the Government of Egypt's entitlement share of gross production equating to approximately 51%.

Mark Reid, CEO of SDX, commented:

"The Company is pleased to announce the commencement of production at our South Disouq concession in Egypt. We would like to express our gratitude to EGAS and the Egyptian State for their continued support and to our main contractors, Petrojet and Expro, for their work in helping us achieve this important milestone. In addition, we are particularly grateful to Roger Wibrew and Amir Ezzat from SDX's Facilities team and to Mohamed Farid, SDX's Country Manager in Egypt, who have been integral in delivering this outcome for the Company.

The wells will continue to be produced and tested and we will gradually ramp up production with a view to achieving our target production plateau rate of 50 MMscfe/d during Q1 2020. South Disouq's production, which is coming on stream in line with our previous guidance, will result in a material increase to Company's cashflows going forward. We look forward to providing the market with further updates in due course."

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Egypt >>  2/20/2020 - United Oil & Gas Plc (UOG) is pleased to announce the satisfaction of the regulatory conditions attached to its proposed acquisition (Acquisition) of ...
Egypt >>  2/19/2020 - The Egyptian-Jordanian Fajr for Natural Gas Transport and Supply Company said that the export of Egyptian natural gas "will be resumed to Jordan withi...

Egypt >>  2/14/2020 - SDX Energy Plc is pleased to announce that the SD-6X (Salah) well at South Disouq in Egypt (SDX 55% working interest) has commenced drilling operation...
Egypt >>  2/13/2020 - Mohamed Shindy, Methanex Egypt Managing Director and Eng. Abed Ezz El Regal, The Egyptian General Petroleum Corporation (EGPC) CEO, signed a Memorandu...

Egypt >>  2/12/2020 - Italian energy group Edison has begun drilling an exploratory well in deepwater acreage in Egypt, not far from other giant east Mediterranean gas fiel...
Egypt >>  2/12/2020 - Neptune Energy signed an operated exploration licence with the Egyptian General Petroleum Corporation (EGPC) for Egypt’s North West El Amal Offshore C...

More News

Oil & Gas Projects in Egypt >>

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us