SDX Energy makes new oil discovery in West Gharib concession

SDX Energy has made an oil discovery in the West Gharib concession, the North Africa-focused company said in a statement. At 4,665 feet deep, the well has been “connected to the central processing facilities at Meseda” and brought online with an average gross capacity of 315 bbl/d. “We are pleased to announce a further drilling success with our MSD-19 well in the West Gharib Concession, which follows the positive result in the Rabul-7 well in June,” CFO and interim CEO Mark Reid said. The company is planning to dig other wells in the concession over the coming 18 months. “The well was brought online in a timely and cost efficient manner and will provide further support to our 2019 production guidance for this asset of gross 4,000-4,200 bbl/d.” SDX holds a 50% stake in the concession.