Energy company SDX Energy commences drilling of the first of its five wells in Morocco

MOROCCO – SDX Energy, the MENA-focused energy company, has announced the commencement of the first, three well, phase of its 2021 drilling campaign in Morocco, which will comprise up to five wells over the year. This first phase of the Morocco drilling campaign will consist of three appraisal/development wells, which management estimates will target a total of 1.3 bcf of P90/1.8 bcf of P50, gross unrisked prospective recoverable resources, in its operated Gharb Basin acreage in Morocco (SDX: 75% working interest). ”I am pleased to announce that the Company has…

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Oil & gas company SDX Energy secures 10-year extension to West Gharib PSA

EGYPT – SDX Energy, MENA-focused oil and gas company, has announced that it has received final approval from the Egyptian authorities to extend the Production Services Agreements (PSA) governing its producing Meseda and Rabul oil fields in its West Gharib concession in Egypt until 9 November 2031. In Egypt, SDX has a working interest in two producing assets: a 55% operated interest in the South Disouq gas field in the Nile Delta and a 50% non-operated interest in the West Gharib concession, which is located onshore in the Eastern Desert,…

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