Energy Voice
Africa
by Mark Lammey
The locations of two of SDX’s assets in Morocco
Morocco has handed SDX Energy an eight-year exploration permit covering more than 1,000 square kilometres.
London- and Toronto-listed SDX has made a firm to acquire 200sq kilometres of 3D seismic and drill two explorations wells in the first four years.
SDX said the Gharb Centre permit came with a large amount of previously-gathered seismic data.
The London-headquartered firm also said exploration wells were planned for its Sebou and Lalla Mimouna prospects, both in Morocco, in the second half of 2017.
The tendering process for drilling rigs is under way and SDX has also received partner approval for seven drilling locations in these permits.
SDX Energy chief executive Paul Welch said: “We are very pleased to have expanded our footprint in Morocco with the award of the Gharb Centre exploration permit.
“Given the amount of 2D and 3D seismic acquisition that has been undertaken in the past, we believe there is clear potential for material upside in this concession that can be easily tied into our existing infrastructure.”
