London-listed independent SDX Energy said on 12 June that it has “received multiple offers in regard to the sale of its Egyptian assets, which the Board are evaluating.”
The firm’s Egyptian assets consist of a 37% operator’s stake at the 38.5mn cfd South Disouq in the onshore Nile Delta region and a 50% non-operator stake at the 2,000 b/d West Gharib located on the western bank of the Gulf of Suez. German firm Wintershall Dea which operates the adjacent 55mn cfd Disouq concession, could be a potential buyer (MEES, 9 June). (CONTINUED - 217 WORDS)