In May 2020, SDX Energy (SDX) confirmed its decision to farm-out its entire stake in the N.W. Gemsa concession, onshore Gulf of Suez Basin. The concession consists of three producing fields included in the North West Gemsa (Dev) Geyad, North West Gemsa (Dev) Al Amir and North West Gemsa (Dev) Al Ola blocks.   The Geyad field, which was discovered in 2009, has a daily production rate of 670 bbl with 3 wells. The Al Amir and Al Amir Southeast/Al Ola fields were discovered in 2005 and 2008, respectively. SDX is reporting a combined gross production of 3,060 bbl/d with 11 wells.   The three fields have operating costs around USD 10/bbl and are fully developed. As a result, capex is expected to be minimal going forward.  The North West Gemsa (Dev) Geyad, North West Gemsa (Dev) Al Amir and North West Gemsa (Dev) Al Ola blocks have been granted to Al-Amir Petroleum, a JV between GANOPE (50%), SDX Energy (25%) and North Petroleum (25%, operator).
Egypt (Gulf of Suez B.), North West Gemsa (Dev), SDX Energy (SDX) confirmed its decision to farm-out its entire stake in the N.W. Gemsa concession, onshore Gulf of Suez Basin. The concession consists of three producing fields included in the North West Gemsa (Dev) Geyad, North West Gemsa (Dev) Al Amir and North West Gemsa (Dev) Al Ola blocks. 