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SDX Energy PLC - oil and gas company focused on Egypt and Morocco - Spuds the MSD-20 infill development well on the Meseda field in Egypt. This is the third fully funded 13-well development campaign at the Meseda and Rabul oil fields. The campaign aims to grow production to between 3,500 to 4,000 barrels per day by early 2023.
It is estimated that the well will take around six weeks to drill, complete and tie-in to the existing infrastructure. MSD-20, with an expected drill and tie cost of between $900,000 to $1.0 million, is anticipated to come on-line and produce at around 300 barrels per day.
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