In parallel to its Disouq farmin offer (DEA 8 Jun '20), SDX is looking to sell its 25% in the Al-Amir JV operating the NW Gemsa acreage, onshore Gulf of Suez Basin, encompassing the NW Gemsa (Dev) Geyad, NW Gemsa (Dev) Al Amir + NW Gemsa (Dev) Al Ola field leases (fully developed). The fields are run by Al-Amir Petroleum, a JV between North Petroleum (25%, op), GANOPE (50%) + SDX (25%).
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. 