News Imminent21 Aug 2019 13:26
Morocco
· Planning for the 12-well drilling campaign in Morocco (SDX 75% working interest and operator) targeting 15 bcf of gross unrisked prospective resources has commenced. Long lead items have been ordered with the drilling rig and all other key contracts finalised.
· The campaign is expected to commence in Q4 2019 and is targeting sufficient reserves to satisfy existing customers' forecast demand, as well as testing new play-opening areas of prospectivity across the portfolio.
In South Disouq (SDX 55% working interest and operator), the Company completed four wells during the year, three of which were conventional natural gas discoveries in the Abu Madi and Kafr el Sheik horizons.
The company has an operated 55% equity position after it completed a farm-out of the acreage to IPR in February of 2015 for the remaining 45%.
In 2018, the development lease application was approved by the relevant authorities and construction of the pipeline and central facility commenced.
Construction of the South Disouq central processing facility, pipeline and well tie-ins continued in Q1 2019 with first gas expected to be achieved in Q4 2019.
South Disouq
Covers 828km2
470km2 3D seismic
2 discoveries, in development, 62Bcf 2P reserves
10 prospects, total mean recoverable resource 243 Bcf gas, 15 mmbbl liquids (unrisked), mean CoS 33%
First production from the licence is expected in Q4 2019, with the Company aiming for a gross plateau production rate of c.50 MMscfe/d by Q1 2020 after an initial ramp up phase.
Subject to partner approval, a drilling campaign of up to five exploration wells is planned to commence at South Disouq in 2020. These wells will target the same Abu Madi and Kafr el Sheik prospective horizons that have seen the Company make four discoveries from the five wells drilled to date.
In South Disouq (SDX 55% working interest and operator), the Company completed four wells during the year, three of which were conventional natural gas discoveries in the Abu Madi and Kafr el Sheik horizons.
The company has an operated 55% equity position after it completed a farm-out of the acreage to IPR in February of 2015 for the remaining 45%.
In 2018, the development lease application was approved by the relevant authorities and construction of the pipeline and central facility commenced.
Construction of the South Disouq central processing facility, pipeline and well tie-ins continued in Q1 2019 with first gas expected to be achieved in Q4 2019.
South Disouq
Covers 828km2
470km2 3D seismic
2 discoveries, in development, 62Bcf 2P reserves
10 prospects, total mean recoverable resource 243 Bcf gas, 15 mmbbl liquids (unrisked), mean CoS 33%
First production from the licence is expected in Q4 2019, with the Company aiming for a gross plateau production rate of c.50 MMscfe/d by Q1 2020 after an initial ramp up phase.
Subject to partner approval, a drilling campaign of up to five exploration wells is planne
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