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Tuesday, March 09, 2021 1:28 GMT

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Top News of Egypt

Extra Time for SDX on Egypt’s West Gharib

published:08/03/2021 05:18 GMT

SDX Energy Plc announced that it has received final approval from the Egyptian authorities to extend the Production Services Agreements governing its producing Meseda and Rabul oil fields in its West Gharib concession in Egypt until 9 November 2031. Mark Reid, CEO of SDX, commented: “We are very pleased to have secured this ten-year extension to the Production Services Agreement which we estimate increases SDX’s share of reserves in our core West Gharib oil asset, certified at 2.2 million...More


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