SDX Energy begins drilling MSD-25 well in Egypt

MENA-focused energy company SDX Energy Plc said on Monday it will be spudding Egypt’s MSD-25 infill development well on the Meseda field to ramp up production from 2,100bbl per day to 3,500 - 4,000 bbl per day by early 2023.

The MSD-25 well is the second fully-funded facility of 12 well developments on the Meseda and Rabul oil fields in the West Gharib concession within the Egyptian Eastern Desert.

“It is our intention to execute this 12-well campaign as quickly as possible and significantly boost production and cash flow from these fields. I look forward to updating the market further as the campaign progresses,” Mark Reid, CEO of SDX, said in a statement.

The company said they had spudded the MSD-25 infill development well on the Meseda field on January 23 and were targeting the Asl Formation reservoir at approximately 3,250ft TVDSS.

According to company estimates, the well will take around six weeks to drill, complete and tie-in to the existing infrastructure.

MSD-25 has an expected gross cost to drill and tie in of US $0.9 million to $1 million, SDX said. It expects the well to be online and produce at around gross 300bbl/d.

SDX Energy begins drilling MSD-25 well in Egypt