New oil discovery for SDX

British oil and gas company SDX Energy, which specializes in North Africa, has just announced that an oil discovery has been made on its Rabul 5 Well in the West Gharib Concession in Egypt. The well, drilled to a depth of 1609 m, has discovered about 46 m of net crude oil.

“We are pleased to continue our recent run of drilling success with this oil discovery at Rabul 5. This well encountered the thickest section of pay sands seen in the Rabul area to date, demonstrating the significant oil potential contained within the licence. We have further drilling activity planned for the concession over the coming months and we firmly believe that these activities will enable us to increase output from the licence and achieve our ambitious production plans for 2018.” : commented Paul Welsh, President and CEO of SDX.