SDX in minor Morocco find

Morocco
SDX Energy has made a sub-commercial discovery in well KSS-2 in the Sebou permit in Morocco, the company announced on Wednesday.

It was the sixth of nine wells scheduled to be drilled in the permit, four of which have made commercial discoveries in recent months, SDX said in a statement.

“Using directional drilling equipment for the first time in the basin, we drilled a step out location in order to try to prove up a new concept, and potentially new volumes,” said CEO Paul Welch. “Whilst KSS-2 was not successful, our belief is that this result proves that the main bounding fault provides a good seal and therefore gives us a further confidence in the forthcoming prospects.”

Recent Posts

Iberdrola to triple offshore wind assets to $18 billion

Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More

2 days ago

Angola’s Azule Energy awards Saipem $850-million contract

Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More

2 days ago

Arrow Exploration spuds new well in Colombia

Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More

3 days ago

Petronas makes discovery off Suriname

Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More

3 days ago

Japan’s JERA slates $32 billion for LNG, renewables, new fuels

Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More

3 days ago

Chevron planning UK North Sea exit

Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More

3 days ago

This website uses cookies.