Oil and gas company SDX Energy has made a gas discovery at its KSR-14 development well on the Sebou permit in Morocco.
The company encountered 20m of net conventional natural gas pay in the Guebbas and Hoot formations over four intervals after drilling the KSR-14 well to a total depth of 1830m.
It is said that the initial results have bettered pre-drill estimates.
Work is currently in progress to further assess the well’s accurate recoverable volume estimate.
SDX Energy president and CEO Paul Welch said: “This positive result follows the company’s recent oil discovery at our West Gharib concession in Egypt and demonstrates the real momentum developing across our portfolio.
“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%.
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By GlobalData“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.”
Once the drilling rig leaves the location, the well is expected to be connected to the existing infrastructure and production is scheduled to begin in around 30 days.
In Egypt, SDX has a working interest in North West Gemsa and Meseda assets located in the Eastern Desert, adjacent to the Gulf of Suez.
The company has a 75% working interest in the Sebou concession.
