Exploration & Production

SDX Energy survives in Egypt as others fail

SDX Energy Country Manager Ahmed Moaaz explains how his company has made it through Egypt’s money woes as it looks to begin exploration in the country SDX Energy Country Manager Ahmed Moaaz explains how his company has made it through Egypt’s money woes as it looks to begin exploration in the country.
By Rachel Williamson 3 February 2017 0 23823
A Petroceltic wellhead at West Dikirnis, Egypt. SDX will begin exploration in the country this month. (Petroceltic)

Small oil producer SDX Energy is about to move into Egypt’s increasingly crowded gas sector. The company will spud its first well towards the end of this month in the South Disouq concession in the Abu Madi-Baltim trend, an area where 178 billion cubic metres of gas has been found over 10 discoveries.

SDX has managed to come through Egypt’s currency and economic crises unscathed: it has no debt, no overdue receivables, and has survived where other companies – such as Circle Oil and Petroceltic –...