The shareholders of Egypt and Morocco-focused SDX Energy on 17 May approved the firm relocating its headquarters to London from Alberta, Canada. It came on the same day that the firm announced that CEO, President and director Paul Welch was leaving his position after 31 May. CFO Mark Reid will take his position on an interim basis.
SDX has been forced to push back the start-up of its 50mn cfd South Disouq field in Egypt’s onshore Nile Delta from next month, until Q4 of this year as it was unable to secure the leasing of an Early Production Facility to process the field’s gas (MEES, 12 April). (CONTINUED - 167 WORDS)