SDX Energy Inc. said the seismic acquisition program at its South Disouq asset onshore Nile Delta Egypt has been completed.
“The initial data set is of good quality and clearly indicates the presence of the prolific Abu Madi trend within the block,” SDX Energy said in a news release.
The program, which consisted of the acquisition of 300 sq km of 3-D data, was completed safely, under budget and ahead of the anticipated schedule, the company said.
SDX planned to immediately began data processing, which is expected to take three months to complete. The company intends to use the processed data to build a prospect inventory with a view to selecting a location for a fully carried exploration well, which is anticipated to be drilled in late 2016, the release said.
SDX has a 55% equity interest in the asset and is operator.
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