Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
SDX Energy said production had commenced from its operated South Disouq concession in Egypt.
The company currently had a 55% working interest in the asset.
Gas had been flowing through the South Disouq central processing facility since 7 November.
Each of four discovery wells had been hooked up to the facility and had produced at their expected rates of between 8m standard cubic feet per day and 15 MMscf/d.
Over the last three days, the facility had has been operating as expected, achieving an average gross production rate of 23 MMscf/d of gas and 120 barrels per day of condensate, equivalent to approximately 24 MMscfe/d.
'These initial flow rates are in line with the company's expectations and testing will continue over the coming weeks," SDX Energy said.
Production was expected to gradually ramp up to a targeted plateau gross rate of 50 MMscfe/d during the first quarter of 2020.