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business new africa bna/IntelliNews

It has also led to energy shortages, he said, caus- to ensure it remains in their energy mix for the The well was perforated in the basal Kafr El
ing a decline in the supply of hydrocarbons due benefit of its people. Sheikh gas sand and was tested on March 30,
to lack of investments, because the pace of the NCDMB, April 11 2022 2022, opening the well for a two-hour clean-up
shift to renewable energies is unable to meet period only. The well flowed at a controlled rate
world energy demand. of 10.4 mcf per day on a 26/64-inch choke. When
Bearing in mind the technological capabil- PROJECTS & COMPANIES connected, it is anticipated that the well will pro-
ity and natural endowments as key drivers to duce at an optimum stabilised rate of 8-9 mcf per
the energy mix, the Nigerian Content Chieftain SDX Energy spuds MSD-20 day.
observed that divestments have resulted in the SD-5X will now be tied-in via a short con-
emergence of indigenous companies playing infill development well on nection (600 metres) to the SD-4X flow-line and
major roles in exploration and production activ- into the CPF. It is estimated that the tie in cost
ities such that companies like Aiteo, First E&P, the Meseda field in Egypt’s will be circa $500,000 (gross) and that SD-5X
Eroton and others have acquired assets and are will be on production in June 2022, when the
now responsible for the production of about 15% eastern desert well will be subject to a longer rig-less test. By
of the nation’s oil and more than 60% of domestic conducting the longer test after tie-in, SDX will
gas. MENA-focused oil and gas exploration and maximise saleable production from the well. The
He decried the divestment of the IOCs and development company SDX Energy spudded the results of the longer test will be the subject of a
their reluctance to make further investment in MSD-20 infill development well on the Meseda further update to the market in due course.
oil and gas which has resulted in the repatriation field in the West Gharib concession in Egypt’s With the completion of SD-5X operations,
of capital out of Nigeria. He lamented that this eastern desert. This well is the third in a fully the rig is now moving to the second well in
has stifled the nation’s economy of the much- funded 13-well development drilling campaign the three-well campaign, SD-12_East on the
needed foreign exchange and funds used as loans on the Meseda and Rabul oil fields aimed at Sobhi Field (with a planned spud date in mid-
to acquire oil and gas assets instead of develop- growing production to circa 3,500-4,000 barrels April). The third well in the campaign will be
ing new production assets. He also hinted that per day (bpd) by early 2023. the MA-1X well targeting the Mohsen prospect
energy shortage has provided a huge oppor- The MSD-20 infill development well on the (planned spud in mid-to-late May).
tunity for the Nigerian oil and gas industry by Meseda Field, where SDX has 50% working Mark Reid, CEO of SDX, commented: “This
diversifying oil and gas energy hubs even as it interest, was spudded on April 5 and is targeting is a very good result and a pleasing start to our
works on adding renewables to the global energy the Asl Formation reservoir at approximately 2022 drilling campaign, which aims to acceler-
mix to ensure energy security. 3,180 feet (969 metres) TVDSS. It is estimated ate cash flow and exploit the continued potential
Wabote canvassed for a balance between that the well will take around six weeks to drill, that we see in the South Disouq area. The tie-in
the drive for renewables and new investments complete and tie-in to the existing infrastruc- of the well is short and low cost, and the well is
in fossil fuels, warning that a misalignment in ture. MSD-20, with an expected cost to drill and expected to be on production in June. I look for-
the transition strategy will result in supply and tie in of $900,000-1mn, is anticipated to come ward to updating the market on the longer-term
demand disruptions as witnessed in the current online and produce at around 300 bpd (gross). test in the coming months and on the progress of
situation in Europe. Bringing MSD-20 online is expected to imme- the other wells in our 2022 campaign.”
He further suggested that as the world con- diately contribute to the company’s cashflow and SDX Energy, April 7 2022
tinues to expand the options of sources of energy result in a payback period of five to six months
available for use, it should be open to welcome at current oil prices, SDX said in a press release. Cloudbreak Discovery in
new additions without discarding existing ones. SDX is an international oil and gas explora-
He however, bemoaned the demonising or tion, production and development company partnership to seek Namibia
de-marketing of other energy sources and set- headquartered in London with a principal focus
ting unrealistic deadlines for countries to aban- on MENA. In Egypt, SDX has a working interest oil exploration licence
don fossil fuels. He expressed hope that nations in two producing assets: a 36.9% operated inter-
will jealously guard their local sources of energy est in the South Disouq and Ibn Yunus gas fields, Cloudbreak Discovery PLC has entered into
a 67.0% operated interest in the Ibn Yunus North an agreement with four other partners to work
gas field in the Nile Delta and a 50% non-oper- towards securing a petroleum exploration
ated interest in the West Gharib concession, licence in Namibia, the London-listed company
which is located onshore in the Eastern Desert, said on Thursday (April 7).
adjacent to the Gulf of Suez. “Recent discoveries by several major and
bna/IntelliNews, April 11 2022 mid-sized global energy companies in Namibia
has opened significant opportunity to partici-
SDX Energy provides pate in new exploration initiatives in the coun-
try,” CEO Kyler Hardy said in a statement dated
update on SD-5X well April 7.
Cloudbreak said it will act as a financial part-
test at South Disouq ner under a Mineral Application Co-operation
Agreement with Gondwana Petroleum Namibia
AIM-listed SDX Energy, the MENA-focused Pty Ltd., Timeworn Investments Pty Ltd., Pio-
oil and gas company, has provided an update neer Oil and Gas Consulting CC and a Swit-
on well-testing operations at the recent SD-5X zerland-based asset manager. It will also sit on
(Warda) discovery well (SDX Working Interest: the joint operating committee giving corporate
36.85%) in the South Disouq Development lease. direction and reviewing technical information.

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