Continental Focus, International Reach

Serinus Ramping Up Operations in Tunisia

Tuesday, May 14, 2019

Serinus Energy is ramping up operations in Tunisia after a prolonged period of inactivity due to the difficult social conditions in the country. The company’s local team commenced the reopening of the Chouech Es Saida field in southern Tunisia in late Q1.

Initial steps include the re-hiring of employees, road clearing, inspection of down hole equipment and consumable inventories, tendering for services and site inspections. These procedures are ongoing, with work to replace the pumps in wells due to commence during the second quarter and production anticipated in early Q3 2019.

Serinus also expects to deploy additional capital to the Sabria field in the form of a re-entry into a well that was mechanically damaged during completion many years ago by a previous concession holder. The Company views activities like this as excellent capital allocation with low exploration risk and technical risk that has been mitigated over the years by improving technology.

The Sabria field has been producing, since its discovery, on simple primary production. Serinus is considering applying artificial lift to this field. This capital investment work at Sabria is anticipated to start in late-2019.