ADX secures rig for Sidi Dhaher Well, onshore Tunisia

clip_image002The Sedlar-160 drilling rig. (Image source: Dietswell SA)ADX Energy Limited has signed a contract with Dietswell SA for the provision of the Sedlar-160 drilling rig to flow test the Sidi Dhaher-1 oil discovery in Tunisia

In addition, the testing programme has been approved by Enterprise Tunisienne d'Activit├ęs Petrolieres (ETAP).

The rig and auxiliary equipment are currently being audited and critical equipment will be tested in the storage yard in the nearby port city of Sfax prior to mobilisation to the Sidi Dhaher-1 well site in the Chorbane Exploration Permit. Well operations are expected to commence imminently and initial test results are expected to be available by mid April 2012.

ADX is also continuing the design work required in order to undertake an extended well test programme, which will take place in the event of a successful oil flow rate during the initial test period. This extended well test programme will provide additional production and reservoir performance information that will be used for field development and planning purposes.

ADX has previously estimated the mean contingent oil in place resource volume for the Sidi Dhaher oil discovery to be 51 million barrels. The confirmation of recoverable volumes and resulting potential reserves are contingent upon a successful well test with the objective of proving commercial flow rates and likely recovery factors.

The Sidi Dhaher discovery is located in the 2,428 sq km large Chorbane Exploration Permit, onshore central Tunisia, and is surrounded by several producing oil fields and extensive oil and gas infrastructure.

Sidi Dhaher-1 is operated by ADX Energy Ltd (40 per cent) with interests held by Gulfsands Petroleum (40 per cent), XState Resources Ltd (10 per cent) and Verus Investments Limited (10 per cent).

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