SDX spuds MSD-27 infill development well in the West Gharib concession onshore Egypt
SDX Energy, the EMEA-focused energy company, announced the spudding of the MSD-27 infill development well at the Meseda Field, West Gharib concession in Egypt, where SDX has a 50% working interest. MSD-27 is targeting the primary Asl Formation reservoir at around 3,900 feet MD (3,100 feet TVDSS) and is the sixth well in a fully-funded, 13 well development campaign on the Meseda and Rabul oil fields.
The finalisation of drilling on the fifth well of the campaign, MSD-23, was announced in July 2022 with completion and tie-in activities underway. Operations at the third well, MSD-20, are expected to recommence in the coming weeks following the replacement of a rig which had experienced operational issues. The development drilling campaign is aimed at growing production to c.3,500 - 4,000 bbl/d by mid-2023.
Mark Reid, CEO, SDX: ''I am pleased to announce the spudding of MSD-27, the sixth well in the 13 well infill drilling campaign on the West Gharib Concession. The spudding of MSD-27 came only seven days after our announcement of drilling operations completing on the previous well drilled by this rig, MSD-23, and indicates the accelerated rate of drilling that we are now achieving. I look forward to updating the market further as the campaign progresses.''