SDX Energy has made an oil discovery at its Rabul 7 well in the West Gharib concession, the company said in a statement. “The well was drilled to a total depth of 5,323 feet and encountered approximately 134 feet of net heavy oil pay across the Yusr and Bakr formations.” SDX has also connected the well to the central processing facilities at Meseda. SDX holds a 50% stake in the concession.
More from Enterprise
Your points are currency, treat them like one
Most people treat credit card points like a pleasant surprise:…
How should young people think about money and budgeting?
Your income and your time are your biggest assets in…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
The apps reshaping how we manage money
Today, users can invest in stocks, gold, or money market…