Sidi Dhaher well spudded

JETT RINK: ADX Energy, as operator, announced that the Sidi Dhaher-1 well in the Chorbane licence, onshore Tunisia, has spudded.

Sidi Dhaher-1 has a planned total depth of 2,168 metres and is expected to take about 33 days to drill.

Additional time will be required in the event of formation testing.

The Sidi Dhaher prospect is located in the 2,428 square kilometre large Chorbane Exploration Permit onshore central Tunisia near the port city of Sfax.

It is surrounded by several producing oil fields and extensive oil and gas infrastructure.

The Sidi Dhaher well is targeting an Eocene reservoir with estimated prospective resources of 175 billion cubic feet (5 billion m³) of recoverable gas and a Cretaceous reservoir with estimated prospective resources of 44 million barrels (5.9 million tons) of oil.

Additional targets exist in the deeper Douleb and Bireno reservoirs that produce oil and gas in the Guebiba-El Hajeb field immediately east of the Chorbane permit.

Since the announcement the operation has successfully drilled a 16” hole section to a depth of 652 metres.

Forecast operations during the coming week will see the drilling of another 16’’ hole, this time to approximately 812 metres depth and the running of 13-3/8’’ casing and the performance of a cement job.

Participant interests in the Sidi Dhaher -1 well are:

– ADX Energy 40% – Operator;

– Gulfsands Petroleum 40%;

– XState Resources 10%; and
 
– Verus Investments 10%.
 
The respective participant interests in the Sidi Dhaher well and the Chorbane Permit are based on the completion of all farm-in obligations.