AIM-listed SDX Vitality, the MENA-focused vitality firm, has accomplished the drilling on the MSD-25 infill growth properly on the Meseda discipline in its West Gharib concession, Egypt, the place SDX has 50% working curiosity
MSD-25 encountered the first prime Asl Formation reservoir at 4,109ft MD (3,361ft TVDSS) and reached a TD of 4,385ft MD. The properly encountered 84.8ft of good-quality, internet oil pay sandstone, with a mean porosity of 26.1% within the Asl Formation reservoir. MSD-25 will now be tied-in to the prevailing amenities and circulate examined, and it’s anticipated to be in manufacturing inside two to a few weeks.
MSD-25 is the second properly in a fully-funded, 13-well growth marketing campaign on the Meseda and Rabul oil fields within the West Gharib concession, Egyptian Japanese Desert. The event drilling marketing campaign is aimed toward rising manufacturing to roughly 3,500 – 4,000 bbl per day by early 2023.
The rig will now transfer to the following properly within the marketing campaign, MSD-20, which is predicted to spud in mid-to late-March 2022.
Mark Reid, CEO of SDX, commented, “The logs from MSD-25 are encouraging, implying a 36% bigger pay zone than in MSD-21 with porosity additionally being good at 26.1%. The properly will now be related to our infrastructure and circulate examined and we are going to replace the market on the outcomes of this within the coming weeks. With the oil value now at multi-year highs, West Gharib is a really excessive margin asset in our portfolio, MSD-25 and subsequent wells will enhance the manufacturing and cashflow from these fields within the coming months. I stay up for updating the market additional because the marketing campaign progresses.”