5th Jun 2023 11:48
(Alliance News) - Serinus Energy PLC on Monday said it has completed workover operations on its Sabria N-2 well in Tunisia.
Serinus is an upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania. Sabria is a large, conventional oilfield which Serinus's independent reservoir engineers have estimated to have approximately 445 million barrels of oil equivalent hydrocarbons originally-in-place, of which only 1.6% has been produced to date.
It said the workover was completed on time and within budget, despite 3.5 days of non-productive time due to high winds. The workover was performed with zero lost time incidents, Serinus said, adding the Compagnie Tunisienne de Forage crew "performed well" and the CTF-004 rig experienced "no material downtime".
Serinus said it has mobilised surface testing equipment to the well site to evaluate well production, having successfully removed wellbore restrictions and recompleted the well.
A further announcement with test results will be made upon completing the testing programme.
Shares in Serinus were down 4.7% to 4.05 pence each in London on Monday late morning.
By Greg Rosenvinge, Alliance News reporter
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