SDX Energy, a British gas and oil exploration company, presented its new strategic plan for the next four years on Monday, November 27.
Under the leadership of its new CEO, Daniel Gould, the company, which operates entirely in the oil and gas sector, intends to become an integrated hybrid energy player, particularly in Morocco. This is by positioning itself in the very promising renewable energy sector.
For this, SDX Energy announced its decision to sell its assets in Egypt “to focus on the growth of its Moroccan operations and generate initial financing to support the new strategy”, we read in a press release released this Monday.
And to specify that it will maintain its upstream gas assets in Morocco and will continue to produce natural gas by selling it to buyers.
The company will operate on the principle of “doing more with what we have”, with a plan to expand its existing gas transport infrastructure to enable gas imports from Spain via the Maghreb-Europe pipeline, says -your.
SDX Energy also intends, in the medium term, to expand into renewable energy generation, leveraging its strong gas buyer base for commercially attractive cross-selling of gas and green electricity, adds the press release.
