SDX getting things done in Egypt

The AIM-listed producer sees advantages in the Egyptian oil and gas ecosystem’s ability to get on with the job

A discussion with Nick Box, CFO of North Africa-focused UK independent SDX, is enough to swiftly dispel any lazy stereotypes the interlocutor might have of Egypt about sclerotic bureaucracy or a pedestrian pace under a blazing desert sun. Instead, the picture he paints is of a whole sector, from government to the services through to individuals working on particular fields, that is focused on the task of maximising Egypt’s oil and gas output. Which is not to say the country is without its challenges—from potentially underwhelming gas prices to a fiscal regime that can be beaten elsewhere, or from a current difficulty in striking consolidatory deals to tackling decline rates. But, Box tel

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