- SDX Energy announced the opening of two gas production areas in Morocco.
- The SAK-1 well is already online and connected to the company’s infrastructure, and the KSR-20 well is still undergoing technical studies.
On Monday, a London-listed energy company with assets in Morocco and Egypt, SDX Energy, announced the opening of two gas production areas following successful drilling operations in the SAK-1 and KSR-20 wells in northern Morocco.
SDX Energy explains that after opening the two production areas, it looks to drill more wells under its four exploration permits in Morocco in 2023. The SAK-1 well is already online and connected to the company’s infrastructure, and the KSR-20 well is still undergoing technical studies.
The company has announced that it has identified over 70 prospective drilling areas. In his comments on the discovery of gas, SDX’s CEO Mark Reid said: “We are pleased with the results of both the SAK-1 and KSR-20 wells. In addition to opening a new play fairway with numerous follow-on drillable targets, the wells will contribute immediately to production and revenue growth in an area where demand and gas pricing are robust. Morocco remains a key area of potential growth for SDX and we look forward to planning further drilling in 2023.”