SDX spuds BMK-2 well in Morocco

London-listed SDX on April 3 announced the commencement of drilling operations for the Beni Malek-2 well (BMK-2) in the Gharb Basin, Morocco, located approximately 1.5 km from the BMK-1 discovery well.

BMK-2 is slated to reach a planned depth of around 1,470 m and is focused on targeting three stacked reservoirs within the Guebbas formation, which were identified through the utilisation of 3D seismic technology. BMK-2 follows the success of the KSR-21 well drilled in September 2023 and is part of an ongoing drilling campaign in Morocco.

“If BMK-2 is a success, the well will be completed and tied-in for production as quickly as possible, to supplement existing production and, in particular, provide to CITIC Dicastal, which is the company's largest offtaker and has an immediate and increasing demand for SDX's gas,” the company said.

In Morocco, SDX holds a position as the sole independent gas producer. The gas extracted from SDX's wells is supplied to multiple offtakers within the Kenitra industrial area. 

SDX maintains a 75% operated working interest across its Moroccan portfolio, which encompasses the Sebou Central, Gharb Occidental, Moulay Bouchta Ouest, and Lalla Mimouna Sud exploration permits, in addition to several exploitation concessions containing producing wells.

The company last year signed a non-binding heads of terms with a multinational operator to divest all of its Egyptian assets.