UK-listed upstream junior SDX Energy -- which is focused on mostly gas-producing assets in Egypt and Morocco -- plans to accelerate new drilling at its flagship South Disouq concession onshore Egypt, its CEO Mark Reid said Nov. 19.
In an interview, Reid said SDX was bringing forward plans to drill new wells at South Disouq having identified significant additional prospectivity.
"The most exciting well, without a doubt, for next year is a well we're drilling at South Disouq called Hanut, which is targeting 139 Bcf of P50 prospective resources," Reid said.
SDX -- which started production at South Disouq in November last year -- identified the Hanut prospect over the summer after re-assessing data from other wells at the block.
Reid said Hanut was similar to the Sobhi discovery made in April, "albeit quite a bit bigger."
"As a result, the right thing to do is to accelerate work given its size and put it into drilling for next year," he said.
