SDX Energy is overseeing the drilling of the Ksiri-21 (“KSR-21”) well in the Sebou Central region of the Gharb Basin in Morocco. The well is designed to be drilled vertically and is expected to reach a targeted depth of around 1,950 metres.
Using existing three-dimensional (3D) seismic, the well is targeting a well-defined prospect within the main Hoot formation, which is the main producing sand area.
SDX has drilled over 20 production wells in the same basin. As such, the new well presents a low-risk step-out location. The well can be immediately brought into production, supplying gas to existing customers under the improved gas price announced on June 5, 2023.
The company considers the drilling an early milestone in SDX’s new roadmap in Morocco.
As part of re-energising SDX’s upstream production, “we will assess the feasibility of drilling additional wells, back to back”, says Daniel Gould, SDX’s Chief Executive.
“This programme has the potential to lower the capital expenditure per well, enhance operational efficiency, and confirm the presence of ample ‘gas-behind-the-pipe’ reserves to fulfil both current and future demand.”
