MENA-focused oil and gas exploration company SDX Energy has announced the discovery of a gas reservoir near Sebou Central in the Gharb Basin.
The discovery comes nearly four weeks after the company began its drilling operations at the KSR-21 well.
The drilling has reached a total vertical depth of 1,955 metres, focusing on a prospective target within the Hoot formation, a significant geological stratum in the region.
Drilling data from the well has confirmed the presence of gas-charged sands within the targeted reservoir section, which is a promising indication for potential gas reserves.
SDX Energy is now preparing to move the drilling apparatus and perforate the reservoir interval to conduct testing.
Following a brief testing period, the well will be brought into production to supply existing gas buyers after determining the exact volume of the reservoir.
“The drilling rig will now be moved off location and the reservoir interval perforated to undergo a short testing period before being brought into production to supply existing has off-takers,” said the company’s board in a statement.
Less than a month ago, the company announced its decision to divert its focus towards Moroccan expansion and exit Egyptian operations.
Now, with the confirmation of gas reserves in the KSR-21 well, SDX Energy’s shift is already showcasing promising results.
“The disposal will position the company for upcoming diversification into Morocco’s energy transition sector,” said the company in a statement last month.
CEO of SDX Energy, Daniel Gould, said that “the planned sale of SDX’s Egyptian assets will be a significant milestone on the Company’s transition roadmap that we will soon be presenting to our shareholders.”