SDX Energy’s Sobhi well set to produce 10-12 mcf / d of natural gas - ENTERPRISE

Thursday, 30 April 2020

SDX Energy is expected to produce 10-12 mcf / d of natural gas from its Sobhi well, the company said in a statement (see below). 

The discovery has grown the South Disouq concession’s production capabilities by 50%, putting SDX on track to extract up to 50 mcf / d by 2023. Earlier this month SDX discovered 24 bcf of natural gas at the Sobhi well, marking a “low-cost, highly-cash generative" expansion to the field.

The full statement follows:

SDX ENERGY PLC ("SDX" or the "Company")

EastMed pipeline project seeks offshore EPCI players - OFFSHORE ENERGY

April 28, 2020

Adis Ajdin

IGI Poseidon has rolled out a tender for EPCI activities related to offshore sections of EastMed pipeline project.

IGI Poseidon is a 50:50 joint venture between Public Gas Corporation of Greece (DEPA) and Edison International Holding.

Eastern Mediterranean (EastMed) is a 1,900 kilometers long natural gas pipeline project to connect the gas reserves of the eastern Mediterranean to Greece.

EastMed pipeline project is currently in its FEED development phase.

Breakdown in Naturgy, Eni and EGPC Damietta dispute resolution - ENTERPRISE

Sunday, 26 April 2020

DISPUTE WATCH- The resolution of a long-simmering dispute over a shuttered Damietta LNG plant has fallen apart despite an agreement reached last month, according to a cabinet statement. Parties to the dispute include Spanish gas firm Naturgy Energy Group, Italy’s Eni, and the Egyptian government.

Why does this matter? First, the dispute was closely followed by investors in Egypt’s energy sector, though that concern was largely swept away as the Sisi administration reached a settlement with all parties. More importantly, the Damietta plant is a key part of Egypt’s strategy to grow its natural gas exports as it emerges as the Eastern Mediterranean’s premier energy hub. The plant has been closed since 2012, when supply of gas was shut off amid disruptions in the wake of the political events of the previous year. Its reopening would have expanded Egypt’s ability to export natural gas to European markets.