SDX Energy appraisal well encounters oil offshore Egypt

By Mandisa Nduli, Editor

North Africa-focused SDX Energy has encountered oil at its SRM-3 appraisal well on the South Ramadan license offshore Egypt in the Gulf of the Suez.

In an official statement, SDX Energy said that the well reached a target depth of 15,635 feet and encountered 75 feet of net conventional oil pay in the Matulla section target, 20 feet of net conventional oil pay in the Brown Limestone formation and 15 feet of net conventional oil pay in the Sudr section.

“The reservoir sections encountered in the SRM-3 well are encouraging and we look forward to seeing how this interval performs when tested, as this will provide additional insight on the volume potential of the section,” said Paul Welch, President and CEO of SDX Energy.

The well will be completed in the Matulla section and then tested to establish whether it can flow at a commercial rate.

SDX Energy has a 12.75 percent working interest at the SRM-3 well at South Ramadan, Pico Oil is operator and holds a 37.5 percent and GPC holds the remaining 50 percent.


Share on facebook
Share on twitter
Share on linkedin

Latest Posts

Subscribe For Updates

Sign up for latest news and event info

Copyright © 2021 Energy Capital & Power. Privacy Policy · Terms of Use

Africa Oil & Power Transforms into Energy Capital & Power

The transition represents the company’s commitment to the future of energy investment, sustainability, inclusiveness and diversification.
Subscribe to our newsletter for more updates