{"id":588829,"date":"2023-06-18T00:00:00","date_gmt":"2023-06-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/sdx-could-exit-egypt\/"},"modified":"2023-06-18T00:00:00","modified_gmt":"2023-06-18T00:00:00","slug":"sdx-could-exit-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/sdx-could-exit-egypt\/","title":{"rendered":"SDX could exit Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Investors want SDX\u2019s Egypt assets:<\/span><span style=\"\">UK-based, Egypt-focused <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sdxenergygroup.com\/\" style=\"\">SDX Energy<\/a><\/span><span style=\"\">\u2019s board is <\/span><span style=\"\">currently looking into the multiple offers it has received for its Egyptian assets, it <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/polaris.brighterir.com\/public\/sdx_energy\/news\/rns_widget_investors\/story\/w1l493r\" style=\"\">said<\/a><\/span><span style=\"font-weight:400;\"> last week, without providing any details. \u201cThe company will be providing further details in due course,\u201d the announcement said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">SDX in Egypt: <\/span><span style=\"\">SDX has a 55% working interest in two gas fields and a 100% working interest in a third field at the South Disouq concession in Egypt\u2019s Nile Delta. It also holds a 50% working interest in two blocks in the West Gharib concession in the Eastern Desert, according to its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sdxenergygroup.com\/operations\/egypt\/\" style=\"\">website<\/a><\/span><span style=\"\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">AND- Oil majors meet the ministry:<\/span><span style=\"\"> Oil <\/span><span style=\"\">Minister Tarek El Molla met with representatives from <\/span><span style=\"\">energy players <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0K1SJEYxMkRDig7JcijNFHco9QDsPLaAWME5yM46YfQ4dZVeWkgA5Qb9fLPjg8MArl\" style=\"\">Chevron<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0bzczWpRGa2mNzrC3iiAgXFVPAfJ3p9vrj41NNNYu8XFnmPhAXRvobghNYZvfDqCbl\" style=\"\">BP<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0b1cYh2SuxdmMJSR8Rn1YyUA42HUbZmXENV1G2JY3USh2eLrDRrV4wiVgktHcz3Yvl\" style=\"\">Baker Hughes<\/a><\/span><span>, and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02eY47GS3xH2u2uXi7camSnKHmZjhinEBHe35QGnob18aatAEfbu6SayvxScvn18Xpl\" style=\"\">Capital Drilling<\/a><\/span><span style=\"\"> during a trip to London last week. El Molla and the company representatives looked at potential cooperation on exploration and reducing emissions. He also met with representatives from BNY Mellon to discuss financing carbon reduction projects.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SDX operates concessions in the Nile Delta and the Eastern Desert<\/p>\n","protected":false},"author":1,"featured_media":588830,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,91,371,1451,195],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-588829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-oil-ministry","tag-sdx-energy","tag-tarek-el-molla","wpautop","entry"],"acf":{"mongo_id":"f6ca230c-58d4-4d57-8594-1eab26dc453d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/823.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SDX could sell Egyptian assets after receiving offers. PLUS: El Molla meets with BP, Chevron, Baker Hughes, Cap Drill execs","related_issue":[588816],"teaser":"SDX operates concessions in the Nile Delta and the Eastern Desert","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.2e17e255-75aa-415b-9cc9-64c534465581.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SDX could exit Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/sdx-could-exit-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SDX could exit Egypt\" \/>\n<meta property=\"og:description\" content=\"SDX operates concessions in the Nile Delta and the Eastern Desert\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/sdx-could-exit-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-18T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/823.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/sdx-could-exit-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/sdx-could-exit-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SDX could exit Egypt\",\"datePublished\":\"2023-06-18T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/sdx-could-exit-egypt\/\"},\"wordCount\":163,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/sdx-could-exit-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/823.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterpriseAM\",\"oil and gas\",\"Oil Ministry\",\"SDX Energy\",\"Tarek El Molla\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/sdx-could-exit-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/sdx-could-exit-egypt\/\",\"name\":\"SDX could exit Egypt - 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SDX had announced entering into a non-binding heads of terms with Circle Oil for the acquisition in mid-January. In\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623059,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/sdx-bp-fail-to-reach-agreement-on-egypt-assets\/","url_meta":{"origin":588829,"position":1},"title":"SDX, BP fail to reach agreement on Egypt assets","author":"enterpriseam admin","date":"21 October 2018","format":false,"excerpt":"** #4 M&A WATCH- BP talks to sell Egypt assets to SDX fail. SDX Energy has \u201cterminated\u201d talks to acquire BP\u2019s Egypt assets after failing to reach an agreement, the company said in a statement on Thursday (pdf). SDX gave no color on why the talks broke down. 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The agreement has a 30-day exclusivity period and is subject to the completion of due diligence, documentation, compliance with all regulatory requirements and conclusion\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600005,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/16\/sdx-announces-gulf-of-suez-oil-find\/","url_meta":{"origin":588829,"position":3},"title":"SDX announces Gulf of Suez oil find","author":"enterpriseam admin","date":"16 January 2019","format":false,"excerpt":"SDX Energy has discovered an oil pay in the South Ramadan concession located in the Gulf of Suez, the company said in a press statement (pdf). Field operator Pico reported that the SRM-3 well encountered a total 120 feet of net conventional oil pay. It isn\u2019t yet clear whether the\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624918,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/sdx-in-talks-with-bp-to-acquire-assets-in-egypt\/","url_meta":{"origin":588829,"position":4},"title":"SDX in talks with BP to acquire assets in Egypt","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"**#6 M&A WATCH- SDX in talks with BP to acquire assets in Egypt: SDX Energy announced on Thursday that it was in open talks with BP to acquire \u201ca significant package of [its] assets in Egypt.\u201d It\u2019s not immediately clear which assets SDX hopes to acquire, but the company said\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605731,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/05\/sdxit\/","url_meta":{"origin":588829,"position":5},"title":"SDXit","author":"enterpriseam admin","date":"5 September 2023","format":false,"excerpt":"The company wants to focus on Morocco","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/309.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/588829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=588829"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/588829\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/588816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/588830"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=588829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=588829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=588829"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=588829"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=588829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}