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Thursday, 25 August 2016

Production increases expected in Egypt over the coming five years – SDX Energy

“We’re going to see increased production in both oil and gas in Egypt – to the point where hopefully they can [become] a net exporter of at least LNG,” SDX Energy CEO Paul Welch told Rigzone. Welch believes the oil and gas sector will grow over the coming five years driven by Eni’s Zohr discovery, and BP’s Nile project. SDX Energy has stakes in four concessions including North West Gemsa and Meseda. The company completed a workover program in the former, which grew production from 5,500 bbl/d to 7,000 bbl/d, he added. SDX plans to complete a second workover develop in the Meseda by end of year, which would double production to 8,000 bbl/d, said Welch.

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