UK-based SDX Energy, a Mena-focused oil and gas company, said that it has achieved its first gas at South Disouq SD-12X well in Egypt six weeks ahead of schedule.

Following the success of the SD-12X exploration well in the second quarter of 2020, being a commercial discovery in the Kafr el Sheikh formation, the company achieved first gas from the well on December 21, 2020.

Mark Reid, CEO of SDX, said: "I am very pleased to be able to announce a strong end to 2020 and a promising start to 2021 with our SD-12X (Sobhi) well, where we have 100% entitlement interest, coming on stream six weeks ahead of schedule.”

“Production from two of our three core assets beat 2020 guidance (being South Disouq and Morocco, where production is now back to pre-Covid close down levels) while our third core asset (West Gharib) came in at the top end of guidance.

“We have started 2021 in a very positive position with an exciting programme of nine wells to be drilled in the year and I expect us to build on the successes of 2020 by discovering more resource and continuing our resilient cash generation,” he added.

SDX estimates that SD-12X has approximately 24 bcf of recoverable resources and can produce at a rate of up to 10-12 MMscf/d. At present, the well is producing at approximately 5-7 MMscf/d and will continue to be monitored to determine its optimum production rate. SDX has a 100% working interest in the production from this well. – TradeArabia News Service